Majority shareholder increases stake in Cambridge United
Adam Webb, previously holding a 10% share in Cambridge United, has sold his stake to majority owner Paul Barry and co-owner Mark Green
Last updated 28th Oct 2024
Cambridge United Football Club has announced the sale of Adam Webb’s 10% stake to current co-owners Paul Barry and Mark Green.
With the transaction, Barry and Green have each acquired an additional 5% of the club’s shares, bringing Barry’s total ownership to 75.01% and Green’s to 24.99%.
In a statement, Barry expressed appreciation for Webb’s contributions. “On behalf of everyone connected with Cambridge United, I would like to place on record our sincere thanks to Adam for everything he has done for the Club over the last five years,” Barry said. “Alongside Mark, he approached me with a proposal to take a minority ownership stake in Cambridge United at what was a critical moment during the pandemic.”
Barry highlighted Webb’s role in stabilising and advancing the club, notably supporting the club’s repurchase of the Cledara Abbey Stadium. “Adam’s affection for Cambridge as a Club, community and city has been heartfelt and I know will continue,” he added. “It goes without saying he will always be welcome back at the Club along with his family and friends.”
The decision follows Webb’s recent majority ownership acquisition of St Johnstone FC. “Earlier this year, Adam became the majority owner of St Johnstone FC, so we have all agreed that this is the right moment for both parties for him to concentrate all his support and focus on this new project,” Barry stated.
Green’s increased stake is welcomed by Barry, who commended Green’s dedication. “His passion for the Club and the project ahead are hugely additive to what we are collectively doing,” Barry noted. “We are both more ambitious than ever to help Cambridge United grow on and off the pitch.”
Barry also commented on the club’s ongoing efforts to modernise and strengthen community relations while prioritising financial sustainability. He expressed solidarity with Webb, who recently shared news of his treatment for cancer. “I am sure everyone associated with Cambridge United sends him their very best wishes,” he said, hoping to see Webb at the Cledara Abbey in the near future.
Reflecting on his time with Cambridge United, Webb remarked, “Becoming a part of the Cambridge United family has been one of the great joys of my life. Cambridge United is a unique organisation, and the City of Cambridge has become like a second home to me and my family.” He concluded with his plans to return as a spectator, saying, “I look forward to many future visits to the Abbey to watch my beloved U’s.”