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SHAREHOLDERS MEETING REPORT
Chairman Dave Doggett was joined by Finance Director Steve Chamberlain and CEO Jez George to deliver a positive overview of the Club's accounts at the Annual Shareholders Meeting, with a surplus budgeted for 2016/17.
Shareholders were informed there had been a growth in revenue of 20% year on year from 2014/15, excluding the exceptional income generated from the FA Cup fixtures against Manchester United.
The Club is expecting to make a profit of approximately £1 million from its Business Operation in 2016/17, with Jez George highlighting a notable increase in the income generated from sponsorship and hospitality of 70% year to date compared to 2015/16. The growth in all aspects of the Club's Business Operation, and increases to central funding, has therefore reduced the reliance on gate receipts, which in 2016/17 is forecast to account for just 20% of turnover.
Read more at
http://www.cambridge-united.co.uk/news/article/2016-17/shareholders-meeting-report-3613542.aspx#PTtxsFDKCME46y2C.99
Chairman Dave Doggett was joined by Finance Director Steve Chamberlain and CEO Jez George to deliver a positive overview of the Club's accounts at the Annual Shareholders Meeting, with a surplus budgeted for 2016/17.
Shareholders were informed there had been a growth in revenue of 20% year on year from 2014/15, excluding the exceptional income generated from the FA Cup fixtures against Manchester United.
The Club is expecting to make a profit of approximately £1 million from its Business Operation in 2016/17, with Jez George highlighting a notable increase in the income generated from sponsorship and hospitality of 70% year to date compared to 2015/16. The growth in all aspects of the Club's Business Operation, and increases to central funding, has therefore reduced the reliance on gate receipts, which in 2016/17 is forecast to account for just 20% of turnover.
Read more at
http://www.cambridge-united.co.uk/news/article/2016-17/shareholders-meeting-report-3613542.aspx#PTtxsFDKCME46y2C.99