Chairman speaks following U's relegation.
Before addressing the relegation and what it means for the club, I would like to say a big thank you to everyone for their tremendous support of Colchester United and the loyalty they have shown to the club over the last four tough years.
When salary capping rules were introduced four seasons ago, I knew League One survival would be tough but I felt it would get easier with each season that we retained our league status.
As I stated above, I accept responsibility for everything that happens at Colchester United and those who are loyal and supportive have every right to be critical of me.
We won't have the biggest playing budget and we won't have any easy fixtures but, if we hold our nerve and stick to our philosophies, the club is going to take off some time soon.
There are financial implications but despite those, the club is well placed to do more than just survive in League Two.
Now that our fate has been determined, we can start planning for next season.