Cambridge United have today filed its 2024 Accounts which show a loss on ordinary activities before tax of £2,565,842, an increase of £818,687 from the prior year...
Whilst turnover in the period increased by £1,226,753 (17%) to £8,304,626 because of increased attendance and commercial performance, costs increased by £2,045,440 (23%), from £8,825,028 to £10,870,468, primarily because of increased costs relating to the First Team.
A copy of the Accounts can be found here.
CEO Alex Tunbridge said, "Over the past year we have continued with our modernisation programme across the Club which has included infrastructure, operating systems, the supporter matchday experience, as well as the development of our brand and identity. All these improvements are designed to help build a sustainable club that can thrive in the future.
"Preserving our EFL League One status last season was one of our key priorities, which was achieved in an environment where the playing budgets in the lower leagues have been growing exponentially in recent years. This has continued at a significant rate in the current 2024/25 season and, as a result, has meant significantly higher losses than those we are filing today.
"We appreciate that this has been a difficult season on the pitch and plans to ensure a more successful 2025/26 season are already underway, following the strategic football review which commenced at the start of the year.
"On behalf of the Board, I would like to thank all staff, players, supporters, volunteers, and sponsors for their support, as well as to Mark and Paul for their generosity."