The 2000–01 season was Colchester United's 59th season in their history and their third successive season in the third tier of English football, the Second Division. Alongside competing in the Second Division, the club also participated in the FA Cup, the League Cup and the Football League Trophy. The main story of the season was the sale of star striker Lomana LuaLua to Premier League side Newcastle United for £2.25m. The proceeds from the sale helped to secure the medium-term future of the club.