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Exeter City administration history: every insolvency event since 1986
Exeter City has two insolvency events on record between 1994 and 2003, with no points deducted. The most recent: cva in October 2003, Football Conference.
Exeter City timeline
- · Third Division · Administration
Exeter City, relegated to the bottom division in 1994, entered administration on 4 November 1994 after mounting debts of over GBP 1m. The club was in administration for almost two years. No points deduction applied (the Football League's automatic administration penalty did not exist until 2004-05).
Owner at the time: Ivor Doble (chairman)
Outcome: Survived. St James Park was sold to Beazer Homes and later bought back by Exeter City Council and leased to the club. Administration was discharged on 23 July 1996 (Companies House); the club says it came out on 1 August 1996.
Sources: Companies House: Exeter City A.F.C. Limited - Insolvency (Companies House) · Exeter City FC: Our Story · The Grecian Archive (University of Exeter): 1985-1991 and 1993-2002 Ivor Doble
- · Football Conference · CVA
Newly relegated to the Conference with reported debts of GBP 2m, Exeter City entered a company voluntary arrangement in October 2003 after a fans' takeover of the boardroom. A threatened 12-point deduction was never applied.
Outcome: Survived. In March 2004 the Conference agreed not to impose the threatened 12-point penalty, because penalties for a CVA or administration would only apply from the next season.
Sources: BBC Sport: Exeter escape deduction · BBC Sport: Exeter get points reprieve · BBC Sport: Exeter set for fans takeover