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Cambridge United owner explains decision to abandon plans to redevelop their stadium

Majority Cambridge United owner Paul Barry explains the tough decision to abandon their plans to redevelop Abbey Stadium.

He said that a rebuild isn’t currently ‘feasible’ because the tens of millions required would not deliver sufficient financial return for over 20 years and would become a long-term burden.

Instead, they will pause redevelopment, keep the Abbey as home for now, remain open to future relocation if needed, and actively seek a new minority investor to share the financial load.

In December 2004, Cambridge United sold the stadium to director John Howard for £1.92million to avoid administration, but entered administration just four months later in April 2005.

In 2010, Grosvenor Property UK purchased the stadium from Howard for £3.5m and significantly bring down the cost of the club’s rent.

Grosvenor proposed a new community stadium at Trumpington Meadows in April 2012, but the plans were excluded from the city council’s local plan in May 2013, and by January 2015, the club abandoned new-stadium plans and chose to redevelop the Abbey Stadium instead.

May 2015 saw the club unveil Abbey Stadium redevelopment plans to raise capacity to 11,000 and add health, conference, and social facilities, with a planning application expected later that year.

But two years later developer Grosvenor withdrew the Abbey redevelopment and linked residential plans due to insufficient support.

December 2019 saw fresh plans for an entirely new 12,000-capacity stadium on greenbelt land east of the city, costing an estimated £25 million. Have a look at photos of all the stadium proposals further down in the article…

STATEMENT:

Dear all,

A third of the way through the season, I wanted to update you on a number of important matters.

There has been a lot of change on the football side over recent months. We all started this season with a healthy dose of realism that it would take time – and likely several transfer windows – before we see the full benefits of those changes. That said, we are confident that we can stay competitive this season in what is a tough but very finely balanced league. It has been great to have such a strong home record, matched by brilliant attendances at the Cledara Abbey Stadium, but we all know we need to be better away from home, hopefully starting tomorrow at Barrow. I spent the morning at the training ground last week, so I know just how hard Neil, Bonz, and all the staff and players are working to push us forward. Thank you, as ever, for your brilliant backing. It matters a huge amount to everyone and will continue to be very important over the coming months.

As you all know, three years ago we bought the Cledara Abbey Stadium back. It was arguably the most important development for the club this century, as it placed our future squarely back in our own hands. Investment in our infrastructure has been long overdue and, after the training ground, we have prioritised plans to redevelop the Abbey over the last 18 months, devoting significant time and money to the project. We have looked at multiple plans and options for potential redevelopment, alongside the detailed practicalities of delivery and, of course, the funding and future return on investment that would make any economic model viable.

Last week we concluded that, as things stand, the cost-benefit equation does not currently make it feasible. Put simply, the potential future upside of a partially improved Cledara Abbey would not justify the tens of millions of investment required, and it would end up being a significant cost and long-term financial burden to the club. On the latest model, for example, it would take over 20 years before there would be any return, and even then, the projections are necessarily uncertain. Taking all this into account, we taken the decision to ‘put our foot on the ball’ and take stock.

We all love the Abbey. It is full of memories and is the only place we have ever known as home. We also know that this could be a generational moment for Cambridge as a city, following the important Government announcement last month, and that Cambridge will grow and change significantly over the coming decades. As one of the biggest civic organisations in the city, we want the football club to be an active partner in those discussions and help ensure that sport, culture, and entertainment are at their heart.

I am grateful to the Board for all their hard work over recent months in deepening these networks with civic leaders, and it is great that United for Cambridge will be launched in January, bringing the club and Foundation much closer together and providing a way for new partners to support the great work of the Foundation.

Ownership of the Cledara Abbey Stadium means we are fully in charge of our destiny. The Abbey will remain our home for the foreseeable future, and we can always revisit redevelopment plans at any point should we choose. Equally, as owners and board members who are custodians of the club for current and future generations, we should also be open-minded about potential relocation. There is nothing on the table and nothing imminent, but I wanted to share our current thinking at the earliest possible opportunity.

Rest assured, Mark and I remain as ambitious as ever for Cambridge United, but unsurprisingly the financial landscape is not getting any easier. Our collective losses and investment into infrastructure since Covid total over £20 million, and inflation and cost pressures in the lower leagues remain high as more funding comes into them from ambitious owners.

It is becoming increasingly clear that we need to find another minority owner who can share the financial load and help us drive the club forward. Finding the right person who shares our values and ambitions may take time, but we know there is huge interest in Cambridge. It is a world city, a global brand, the birthplace of football, and a city with an incredible past and exciting future. We want to ensure Cambridge United is an even bigger part of it.

Finally, I would like to pay my respects to our Safety Officer, Andy Pickard, who sadly passed away last week – a great man and a great servant of the Club who embodied everything we stand for. He will be missed by all of us at Cambridge United.

Thank you again for all your support.

United in Endeavour,

Paul

PREVIOUS NEW STADIUM PLANS OVER THE YEARS

Artist's sketch of proposed new Cambridge United stadium

Artist's impression of Cambridge United's new stadium

Artist's impression of Cambridge United's new stadium

Paul Barry wants Cambridge United's new stadium vision to be ...

Cambridge United reveal design for new sustainable stadium

Here’s how fans reacted as the Cambridge United owner explains the decision to abandon plans to redevelop their stadium…

@toby_drane: So 5 years into his ownership where he promised playing football in higher leagues in an improved stadium… we are mid-table league 2 and in the same stadium for the foreseeable future. If you can’t execute on ambitions, time for a change.

@JackParr555: it’s a shame really but a very smart move from the club

@_andrewmurray_: For fuck sake! Why? 15 years old of broken promises!

@Denton_james: I’m just happy the new generation of fans gets to experience the disappointment of our rebuild/moving of the ground. Once a decade, like clockwork. We go again in 2035

Darren Yelkcarb: It has been clear for some tome that we need additional income from an outside source.

Gareth Thomas: This is sensible thinking in the current climate. Development would definitely be a gamble at this point. The Abbey has a unique identity and while it could benefit from some changes it certainly elicits a typical stadium feel of yesteryear. Focus on the footy first.

Chris Cullum: Thanks for update , can we please find some interim money to improve toilets and the amount of them. One area that desperately needs them is at cut throat lane end inside ground behind mainstand. It would help even more temp toilets due to increased footfall

Dave Powell: Financial stability has to come first. No point in a vanity project that could limit the growth of the team and inhibit any chance of success in the short to medium term. Personally, I support this decision 100%. For me, the Abbey is a home away from home, and although I’ve not been able to attend for a while, I’ve never been about padded seats, flawless paintwork and toilets that smell of cinnamon buns and roses, it’s about the quality inside, the players, the staff, the fans, THAT is the club, not the 4 stands encasing these things.

Dave J Coops: So we are skint, but we are still here which after SWFC and others problems is the best we can hope for

Paul Garnell: We are lucky to have a set of owners we have. Thank you.

Julian Thorpe: Very prudent. If the sums don’t add up and the ROI is 20+ years for improvements to The Abbey, then so be it. Personally, I know The Abbey is a bit ramshackle but I love it this way 🖤💛

David Thomas: Well that ends that redevelopment for the next hundred years.

Jonathan Patten: No improvement for any of the grounds stands for a long time to come then 😡

Paul Baldry: A massive disappointment I feel a wasted opportunity to redevelop the NRE stand it will cost so much more in the future.

Paul Johnson: No surprises there sadly

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