Exeter Chiefs members have voted in favour of a takeover of the club proposed by Black Knight Sports and Entertainment.
The US investment company, led by CEO Bill Foley, bought AFC Bournemouth in 2022 and is a minority shareholder in Edinburgh club Hibernian F.C..
The vote follows a January announcement by Exeter Chiefs chairman Tony Rowe that he was seeking a new major shareholder for the club, made a few days before Exeter Chiefs owners Exeter Rugby Group reported a £10.3 million loss.
Tony Rowe said that the proposed takeover “does not represent a firm offer” and is “just a non-binding expression of interest at this stage”.
He added: “Hopefully, an offer will follow and we can begin negotiating the terms of the sale”.
