EXETER IN BRIEF

Exeter Chiefs members approve US investment company takeover

, updated

Leigh Curtis

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 also owns several other sports club franchises.

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”.