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In their annual accounts for the 2004/05 season, Cambridge United reported a loss of £581,000 on turnover of £2.27million - as reported on the official Cambridge website.
Total losses over the previous four seasons totalled £2.2million and that another loss, estimated at £248,000, was expected this season with a break-even attendance figure of 4,200. With the current average gate running at 2,677 the loss is expected to be significantly higher than estimated.
Finance Director Nick Pomery confirmed that there was enough cash available to complete the season but £250,000 needed to be found to complete the close season, but suggested that £200,000 was already expected - partly due to a £100,000 bonus from the sale of former player Dave Kitson to Reading when they achieve Premiership status.
One interesting piece to note - the website article suggests that Cambridge's playing budget is £150,000 lower than the Bulls: "Strengthening the Playing Budget from a bottom third budget, e.g. adding £150,000 would bring the playing budget into line with other clubs expecting to challenge, e.g. Aldershot, Hereford. Gates of around 4,000 would allow a real promotion challenge to be mounted, as would £100,000 extra sponsorship or commercial income."
