"An extraordinary general meeting is to be held on 7 May when members will be urged to support the move to sell the 155-year-old club and unlock significant fresh funding."
"Exeter posted an annual loss of 10.3m last year after trailing in ninth in the Prem table, but they are now a more saleable proposition."
"The existing 10-team Prem is to become a franchise expansion league from 2029-30 and the race for new funding is accelerating."
"Rob Baxter, the Chiefs' director of rugby, has also just signed a new extended contract and it is understood Rowe would stay on under new American ownership."
Exeter Chiefs have reached an agreement with an American investor to take control of the club, pending member approval at an extraordinary general meeting on May 7. This move aims to secure substantial funding for the 155-year-old club, which is crucial as English professional rugby transitions to a franchise model by 2029-30. The Chiefs have been seeking investment for years and have previously faced financial losses. With a current strong league position and recent successes, the club is now more attractive to potential investors.
Read at www.theguardian.com
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