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Cambridge United cumulative losses top £5m

Cambridge United made a loss before player sales of £1.4m in 2017/18. Player sales reduced the loss by £570k to give an operating loss of £835k and owners invested £535k to help cover the losses. Turnover was down from £5.2m to £4.8m. In part this was because of a reduction in cup competition income compared with the previous year.

Cambridge United total losses nearly £5 million over the years, emphasising the difficulty of as much as breaking even in the lower leagues.

Cambridge United player trading: Purchases £15,000, Sales £625,000.

Cambridge United owners bought shares in club during year, also discovered accounts in previous years were so shoddy that 2017 losses were understated by £190,000. Cambridge United borrowed over £1/2 million from other companies controlled by the owners.

The club is paying rent of £100,000 a year for the Abbey stadium in agreement with landlord to redevelop or relocate.

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