Cambridge United have sacked manager Richard Money after Friday’s 2-1 home defeat to Bristol Rovers left them 18th in League Two.
“The club has taken this difficult decision due to the disappointing pattern of results over the last nine months and because the current squad is not showing consistent signs of achieving its potential,” read a club statement.
“We want to place on record our sincere thanks to Richard, who has been instrumental in the club’s progress over the last three years.
“He led the team to success in the FA Trophy, promotion back to the Football League and a memorable run in the FA Cup last season which culminated in two games against Manchester United. Richard has achieved a special place in the history of Cambridge United and will always be warmly welcomed at the Abbey Stadium.
“Assistant manager, Joe Dunne, assisted by the other first team coaching staff, will take training this week as the team prepares for our FA Cup tie against Basingstoke at the Abbey Stadium on Saturday.”
