Long standing Club Chairman Reg Smart resigned from his role in early 2002 after 12 years in charge. Following brief stints from Gary Harwood (2002–5) and Roger Hunt (2005–6), Terry Baker took over the reins in February 2006. However, Baker's tenure ended suddenly at a Board meeting on 5 June 2006 citing unworkable relationships within the board as his reason for resignation, which led to the appointment of Brian Attmore (Fans' Director) as Acting Chairman on 6 June. The fallout from this event led major shareholder Paul Barry to claim there are "deep divisions within the club at staff and board level" and that a new board had to be put in place to ensure stability at the club so that it could achieve the aim of promotion back to the Football League. Any new board would have to continue to deal with financial troubles which were reaffirmed with the news in late June 2006 that fans group Cambridge Fans United had loaned the club £20,000 to pay wages.