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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Unbeaten Lymm put the Tykes on a leash
LYMM maintained their unbeaten start to the campaign, taking the major scalp of Leeds Tykes and ending the visitors' unblemished start.
Dramatic late win boosts leaders
A LAST-minute converted try saw Tonbridge Juddians snatch victory from the jaws of defeat at Barnes.
England need to be more consistent
I WAS at last week's game against the All Blacks and as much as I enjoyed my first visit to the stadium since the Six Nations, I couldn't help noticing a different attitude of those in control of the stadium's notification system which puts out messages to the crowd.
Cuthbert: Wales have to deliver
ALEX Cuthbert says the pressure on Wales is huge ahead of their opening Autumn Nations Series game against Fiji today.
Anyanwu heads the list of star attractions
TOP 14 transfer speculation is always thoroughly entertaining, and this season has so far been no exception.
Goldthorp can challenge Kildunne for No.15 spot
LOUGHBOROUGH Lightning head coach Nathan Smith is backing Fran Goldthorp to compete with Ellie Kildunne, right, for England's No.15 jersey.
Four-try David calls the shots for Bears
MILLIE David helped Bristol blow Leicester away after scoring four of their 10 tries at Welford Road.
Scott-Young keen to follow his father
TYPICAL of most Australians, Scott-Young Angus has fairly sunny disposition and the loose forward is confident that Saints can soon start to turn things around on the road.
When value for money is not part of the deal
ENGLAND'S bench strategy against New Zealand - goodbye \"bomb squad\", hello \"squib squad\"-has been investigated, psychoanalysed, convicted on all charges and mercilessly sentenced by the entire rugby world and its maiden aunt, so there is no earthly point in returning to the scene of the crime.
'I want to prove my worth to Bath'
OUT-OF-FAVOUR winger RuBath aridh McConnochie is hoping to use the Premiership Cup to lay down a challenge to Johann van Graan and make his selection claims impossible to ignore.
