Another big loss for Camb U's

PUBLISHED: 19:11 25 November 2008 | UPDATED: 15:32 04 March 2010

CAMBRIDGE United's accounts have seen a significant improvement compared to figures from the previous year.

The club recorded a loss of £277,795 for the year ending May 2008, which was a £250,000 improvement.

CAMBRIDGE United's accounts have seen a significant improvement compared to figures from the previous year.

The club recorded a loss of £277,795 for the year ending May 2008, which was a £250,000 improvement. Turnover was up 62% to £1,878,184. The full details and figures, ratified by independent auditors, will be made available to the shareholders of the company ahead of the AGM in January 2009.

Chief Executive Norman Gautrey explained, "The improvement is significant and confirms what we already knew - we're heading in the right direction. We're delighted to see the huge reduction in losses, but remain mindful of our target to achieve a breakeven point at the club. When you consider these figures include the £200,000 annual ground rent we pay to Bideawhile, the progress being made towards this aim is even more evident."

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