League Two side Cambridge United have parted company with Head Coach Shaun Derry. The decision has been made by mutual consent, and in the wake of their 0-0 draw against Lincoln City on Friday night, that left them in 14th place in the League Two table, but with a run of six league games without a win. There are reports that Derry's departure was agreed three minutes after the end of that match.
One of those defeats came last Saturday against Yeovil Town, with Derry voicing concerns about going into that match with seven players missing from his team. A noticeable problem has been their lack of firepower, with just three goals scored during those six matches, and all three of their points gained having come through 0-0 draws. Derry has said of his departure from the club:
"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."
With Cambridge currently 12 points off the play-offs, and 12 points off the relegation spots, it's unlikely that they'll be going anywhere this season, but what may be significant to today's move is that the U's have also seen significant Boardroom changes, with Chief Executive Jez George also resigning today, and former Chairman Paul Barry taking back control of the club by increasing his investment at the Abbey Stadium.
Barry has been an investor at the club for 18 years, and the club's biggest shareholder since 2008, but has strengthened his holdings at the club, and plans to rebuild the Abbey Stadium, effectively producing a new ground on the existing site. He has said that this will be his main method of generating new life into the club, rather than directly funding the club's playing budget:
"A new stadium has to be at the heart of our future ambitions. The Abbey is the club's home and a stadium full of so many special memories, but we need to modernise and improve it if we are to progress in the way we all want. I will be putting new investment into the club but it is important to manage expectations. This does not mean a sudden windfall to the playing budget."
Joe Dunne and Mark Bonner have been named as joint caretaker managers in the wake of Derry's departure.
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