Annual Shareholders Meeting Inofrmation
CAMBRIDGE United held the Annual Shareholders Meeting at the R Costings Abbey Stadium last night.
U's chairman, Dave Doggett, spoke about the sucess of the 2013/14 season with the U's winning the FA Trophy and promotion
to the Football League before discussing a reduced operating loss of £125,482 for 2013/14 compared to £487,736 for 2012/13. This figure would have been even lower if it wasn't for two disappointingly low attendances at both finals.
Academy manager, Mark Bonner, spoke about the benefits of our academy gaining EPPP accreditation after the club received Category Three status following a successful audit in. December, just six months after promotion. The U's Academy DVD was then shown to the audience.
Chief Executive, Jez George, detailed the current finances and explained that the club is on course to make a small surplus for the 2014/15 season, without the inclusion of any unbudgeted FA Cup monies.
Jez described how the business had grown in the last 12 months and will turnover £3.8 million this financial year, excluding all FA Cup revenue. He explained the areas of development for the business and how by growing several "businesses within the business", there was less reliance solely on gate receipts. Jez then went on to discuss the clubs plans for 2015/16 along with the critical importance of planning permission at Trumpington to facilitate stadium redevelopments and a Sporting Village. This will give the academy and community trust a base as well as modern facilities at the stadium to give the club a financial platform to progress in the future.