CFU Statement – Cambridge United’s AGM Financial Statement
Cambridge Fans United representatives, Robert Osbourn and Nigel Pearce, met with Cambridge United Finance Director, Steve Chamberlain, last week. The meeting was arranged following CFU’s letter to the Club asking that more information be provided to shareholders ahead of the Club’s AGM http://www.cambridgefansunited.org/blog/cfu-has-written-to-cambridge-united In recent years only limited financial information has been made available to shareholders and this has made it difficult for them to have a clear understanding of the club's trading position.
CFU Trust Board Chair, Robert, said: “The meeting was positive and encouraging. Steve was able to give CFU an assurance that his wider agenda to provide improved information to all external stakeholders is already well progressed. This includes providing better financial information to shareholders ahead of the Club’s forthcoming AGM and he fully expects to be able to return to the same level of disclosure that shareholders were previously accustomed to, up to 2012. Steve has kindly offered to share a skeleton version of the Club’s 2018 Annual Statement and Financial Report to shareholders with CFU shortly.
CFU is glad of the opportunity to meet Steve and will welcome dialogue with other Board members in due course. At times of change, such as Cambridge United is experiencing at the moment, clear lines of communication with fans, shareholders and other stakeholders are vitally important as we each have a role to play in the club achieving success."
The date of the Cambridge United AGM is still to be confirmed.