Cambridge file for administration
April 29, 2005
The Us, relegated from the Football League following last week's goalless draw with Rochdale, took the decision following detailed discussions with insolvency experts Grant Thornton.
Finance director Nick Pomery explained, 'The club has liabilities of around £900,000 and assets which are in no way sufficient to meet these debts.
'Our relegation to the Conference, confirmed on Saturday, ...