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Colchester United Owner and Chairman Robbie Cowling has issued the following statement:

 

I’m making this statement in response to rumours that Colchester United are about to go into administration.

I can assure everyone that Colchester United will never go into administration whilst I am its owner and I intend to remain as the owner for the foreseeable.

 

I am almost certain that this rumour was initiated because the EFL clubs that have applied for a monitored loan were discussed at the EFL Board meeting this morning and someone at that meeting has leaked the details of the clubs that have made those applications.

/twitter.com/ColU_Official/status/1380197

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src=twsrc%5https://www.cu-fc.com/news/2021/april/club-statement2/Etfw%7

 

 

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The FSA had almost completing a traffic light system of all EFL clubs in November. I asked them if we still a club in crisis

 

We were, but we were now one of 12. In September 2019, we were one of two

 

Foundation (Trust) Oldham Director Philippa was given special permission to published an update on a FSA working group on finances and corporate governance. We published it on Monday.  Here is the link and an overview of OAFC

 

It might give you a sense of the groups view of OAFC

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