Statement – April 7 2022

Carlisle United Accounts & Purepay Retail Ltd

Following on from our article today in the News & Star (which can also be found on the CUOSC website <<link>> and which will appear in the next CUOSC Briefing), where we touched on the release of the latest set of Carlisle United accounts, the CUOSC Board would like to add the following:

Despite the relatively healthy picture shown in those accounts, attention must be drawn to note 1.2 which refers to material uncertainty, as Purepay Retail Ltd have not, for the first time in the last few years, provided a letter of support for the club going forward.

Our representative on CUFC Holdings Ltd can confirm that the Holdings board have repeatedly asked to discuss the issue of the outstanding debt (£2.33m as at these latest set of accounts) and how it can be managed. Purepay have disappointingly chosen not to engage or bring the issue to a conclusion.

As supporters are clearly aware, the club is currently riding high on the crest of a wave with the amazing turnaround in form on the pitch since the return of Paul Simpson to the club. Our heartfelt thanks go to Paul for his decision to return to Brunton Park and for the amazing work he has done with the squad since arriving home in Carlisle, guiding us up the League Two table to (almost!) safety.

However, for this Blue wave to continue beyond the end of the current season, it is imperative that the off-field situation regarding the debt to Purepay Retail Ltd is resolved as soon as possible. Fundamentally, a reasonable agreement on the debt between the club and Purepay going forward will:

*Enable on and off pitch planning for next season to take place in earnest and with a significant degree of clarity across the club.

*Allow for the way forward regarding a change of control in ownership of the football club, with no significant obstacles in the way.

*Provide the necessary certain and settled environment for Carlisle United to move forward with both on and off the pitch aims for next season and beyond.

As such, we implore Purepay Retail Ltd to firstly indicate that they are willing to come to the table to discuss the crucial matter of the debt and secondly, that they do so as a matter of urgency with just over 4 weeks and 6 games of the current season remaining.

Carlisle United Official Supporters’ Club Board

Owner of 25.37% of CUFC Holdings Ltd

CUFC Holdings Ltd owns 94% of Carlisle United AFC (1921) Ltd