Cambridge United could be expected to announce a full takeover at the club in as early as two weeks.

Paul Barry, already a majority shareholder at the club, recently made a bid to become the sole owner of the League 2 club last month which was sent straight to the board of directors.

As it stands, Barry has his foot in 50.1% of the club and is looking to secure the rest in the first half of this month. His case was helped when the directors met with the supporters’ trust; rather overwhelmingly, they reached a verdict of 73-11 in favour of the takeover.

As reported by the Cambridge Independent, those with fewer than one million shares have been sent a circular from the club and, subject to 75 per cent approval, their shares will be sold through a consolidation process, the profits of which will be redistributed at a two pence per share basis.

In that case, the deal looks as good as done. If all goes well, and the requisite shareholders approve of the bargain, the deal could be completed in early September.

Shaun Grady, chairman of the board, said: “There have been detailed discussions between the board and Paul Barry and respective advisers over the last few weeks. The board has also been in regular contact with CFU through this period.

“As has been previously announced, the board has initiated a shareholder consolidation arrangement to give effect to the proposals given the large number of small shareholders.

“We do, however, hope that all shareholders will feel able to give their positive support to the proposals which the board unanimously recommends are in the best interests of the club.”

On the pitch, the last week has been difficult for the side; they were hammered out of the Carabao Cup at the hands of the seemingly unstoppable Swansea City, losing 6-0 at the Liberty Stadium.

Then, in the same week, the suffered a 1-0 defeat at Port Vale, with Leon Davies scoring an own goal in the 84th minute, turning a cross from former U David Amoo into his own net.

The verdict:

After what has been a relatively tough start to the season for the U’s, you can’t help but feel like this deal will give the side a massive boost.

Given the sorry state that some football clubs are finding themselves in at the moment, to have an owner who is approved by the supporters and knows the club, as well as Barry, does can only be good news for Cambridge.

A change surrounding the club off the pitch usually transcends and gives the side a boost on the pitch. After the week they’ve had, they will need it as they host Forest Green Rovers in their next game.