#4. EXETER CHIEFS – SHAKY FOUNDATIONS
PA wrote: “Even Exeter, one of the few clubs in the pre-pandemic era to operate at a profit, were forced to take special measures in December.
“Chiefs owner Tony Rowe bought a stake in a hotel owned by the club in order for it to service its debts, including covid loans issued by the Government. Rowe’s intervention has shored up the finances for the time being.”
