Exeter City Face A Fan-Ownership Crisis

Eleven years ago an unassuming revolution took place in Devon. There were no triumphant shouts of proclamations of the new regime. Instead a dedicated group of volunteers grimly rolled up their sleeves, surveyed the damage in front of them and got to work. Now, over a decade since the Supporters’ Trust was invited to take control of the battered and near-critically wounded Exeter City, another potential revolution is in the offing. It’s even more bloodless and yet could end up killing the very thing that many City supporters treasure – fan ownership. It’s no exaggeration to say that the future of the Trust is at stake over the coming weeks. Currently under a transfer embargo, things could get a lot worse for the Grecians over the coming weeks. The challenges of fan ownership mean that a club of Exeter’s size will always be at a financial disadvantage to some of the division’s big spenders but the last few seasons have been particularly unkind to Exeter. Relegation from League One followed by missing out on the playoffs the season after and a battle against relegation this season has led to plenty of glum faces at St. James’ Park. Off the field, postponements, failure to progress in cup competitions and no recent player sales has stretched finances. But this is a fan owned club. Should it not be living within its...

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