Cambridge United Football Club are pleased to advise their loyal fans, sponsors and volunteers that they have received notice that their ground is under contract to be sold in the near future to Grosvenor Estates.

The Club is able to confirm that the potential of a new Landlord in no way affects the existing lease and the news of a friendly landlord has been received in a very positive way by the clubs board of directors.

Chairman and major shareholder Paul Barry spoke to cambridgeunited.com about the news "After digesting the news and having now spoken with a representative of Grosvenor Estates, I and the board are excited at the potential of having a friendly Landlord in the form of Grosvenor.

"They are a very responsible, collaborative, and highly respected development company with a strong presence in Cambridgeshire and strong ties to local planning entities including Cambridgeshire Horizons and the local councils. Their proven track record most recently is in completing the Grand Arcade project, and before that, the Grafton Centre

Paul continued, "I would like to assure fans we will be meeting with our potential new landlord early next week to explore all possibilities so that we can secure not only the future of Cambridge United but also make sure that any major development plans would involve shareholders, and stakeholders in the club. Once we have more news we will meet as a board and involve CFU so that we can make this journey together.

If the deal is concluded, which is still subject to a pre-emption agreement and other agreements, Grosvenor would be expected to take control of the site in late April. The Club expects to make a further statement in seven days after meeting with Grosvenor.

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