St Johnstone Owner Sells Minority Stake in Cambridge United to Focus on Perth Club
Adam Webb, the owner of St Johnstone, has made a strategic move by selling his minority stake in Cambridge United. The EFL League One club confirmed the sale of Webb’s 10% share to current co-owners Paul Barry and Mark Green. Following this transaction, Barry and Green have each acquired an additional 5% of the club’s shares, with Barry now owning 75.01% and Green 24.99% of the club.
Webb, an American lawyer, purchased St Johnstone FC from Geoff Brown earlier this year along with a group of US-based investors. He has been actively involved in key decisions for the club, such as appointing a new manager, Simo Valakari, to lead the team. This recent move to sell his stake in Cambridge United reflects Webb’s commitment to focusing all his efforts on developing St Johnstone.
Barry expressed gratitude for Webb’s contributions to Cambridge United, acknowledging the pivotal role Webb played in supporting the club during challenging times, including assisting in the repurchase of the Cledara Abbey Stadium. Barry emphasised Webb’s genuine affection for the club, the community, and the city of Cambridge, highlighting that Webb will always be welcomed back at the club.
With Webb’s increased focus on St Johnstone, Barry and Green are enthusiastic about the future of Cambridge United under their ownership. They aim to drive the club’s growth both on and off the pitch, while also prioritising financial sustainability and community engagement. Despite the sale of his stake, Webb remains appreciative of his time at Cambridge United and looks forward to returning as a spectator to support the team.
Webb reflected on his experience with Cambridge United, expressing that becoming a part of the club’s family has been a joyous journey. He fondly noted the club’s unique essence and the special connection he and his family have developed with the city of Cambridge. Webb concluded by expressing his anticipation for future visits to the Abbey Stadium to cheer on his beloved team.
In summary, Adam Webb’s decision to divest his stake in Cambridge United to focus on St Johnstone demonstrates his dedication to propelling the Perth club forward. His strategic realignment of priorities reflects a steadfast commitment to driving success and growth within the football clubs he is involved with. Webb’s legacy at Cambridge United is marked by gratitude and optimism for the club’s future, under the continued leadership of Barry and Green.