06th Jan 2011 CFU Reacts To "For Sale" Statement
Cambridge Fans United (CFU) has responded to today's announcement by the Cambridge United Board that it is seeking investment to help it overcome current financial difficulties - essentially putting the club up for sale.
CFU Chairman, Dave Matthews-Jones said
"We know that all clubs have been experiencing reduced income brought about by the recession, the weather and cashflow shortages. This is not really a surprise and Cambridge United is, obviously, not immune from that. But there are many things in its favour, including its traditional sponsors and its fantastic fans. It should be a draw for potential investors."
"The fans and other supporters were only a few days short of being able to raise the funds to buy back the Abbey Stadium, less than a year ago. CFU will be looking carefully at the potential option of the club being run by a community trust and talking to successful trusts, such as AFC Wimbledon, Newport County and Exeter."
"As always in difficult times, we know that fans will come forward and we ask people to contact CFU if they think they can help."
CFU's AGM is to be held on Monday 17th January, and is likely to have representatives from Supporters Direct and from other fans trusts taking part in a discussion.