The Chiefs were the only Premiership club in profit before the start of Covid, but even they were forced to sell assets last season to pay for the costs of the lockdowns.
“The last three years have been challenging for all clubs with the lasting commercial impact of the coronavirus pandemic taking its toll,” said Rowe, Exeter’s chief executive and chairman, in an open letter to supporters.
“We have moved forward, despite the burdens that we were forced to accumulate during the difficult period when our stands were empty, and the legacy of that time has been testing.
“I am confident that by the conclusion of the 2023-24 season we will have left these issues in the past and can move forward with the vision that we have long held for this club.
“Our budgetary forecasts for the season should see us operating once again within the black, and that is incredibly significant for the long-term security and growth of rugby both here in Exeter as well as across the wider landscape of the sport.
Denne historien er fra August 27, 2023-utgaven av The Rugby Paper.
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Denne historien er fra August 27, 2023-utgaven av The Rugby Paper.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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England can find a little bit of cheer
SO HERE we are on the final day of England’s autumn international series with all of us hoping and expecting Steve Borthwick’s team to win today after three weeks of bitter disappointment.
Stop messing with Marcus - Campese
DAVID Campese believes England are going backwards under Steve Borthwick, who is ‘messing around’ with talisman Marcus Smith.
Being a Lion was the highlight of my career
I PLAYED 19 games and scored 219 points for the Lions, on the tours to South Africa in 1968 and New Zealand in 1971, but I never played in a Test and that was fair enough.
Cook's crew not fazed as they eye tilt at top half
THERE appear to be few signs of second season syndrome at Westcombe Park as captain Nick Cook reveals the group aren’t even contemplating the threat of relegation and are instead targeting a top-half finish.
Forwards pack a punch for the Reds
OLD Redcliffians produced a proud defensive effort to take a bonus-point win.
Tom 'Ailes' the achievements of inspirational skipper Riley
SEDGLEY Park No. 8 Tom Ailes says his team relish the competitive nature of National One and is confident the Tigers can rectify their rocky start to the season in weeks to come.
Strachan confident Ampthill will be firing again soon
FRASER Strachan is determined to put Ampthill’s leaky defensive showings behind them and gain some much needed confidence in the run up to Christmas.
It's a whole new ball game for Rigg
WILL Rigg’s ambition was to become a professional cricketer but it is the oval ball rather than The Oval that is his driver now.
Scarratt leads the way for Lightning
LOUGHBOROUGH won a wet and windy East Midlands Derby after having the bonus point in the bag by half-time.
Becconsall: We need to release pressure
WILL Becconsall says Exeter are not spooked by the threat of relegation as they look to turn around their Premiership campaign after starting with six straight defeats.
