Cambridge United can confirm that Head Coach, Shaun Derry, will be leaving the Club by mutual consent.
The Club would like to place on record its thanks to Shaun for all his hard work and commitment during the last two years.
Derry commented: “I would like to wish Cambridge United and Paul Barry all the best for the future as he takes over ownership of the Club. I would also like to thank everyone connected to the Club for making the last two years memorable."
Joe Dunne and Mark Bonner will take temporary charge of the first team with immediate effect.