Exeter CEO Tony Rowe hits back at allegations about their finances
Exeter CEO Tony Rowe has hit back at allegations that his Chiefs are in financial trouble. The 2020 Gallagher Premiership and Heineken Champions Cup winners have come under scrutiny following the exit from the club of numerous star players and it was claimed in recent weeks that the business was on “shaky foundations”.
The allegation was made amid the fallout surrounding the demise of London Irish, the third club since last September to collapse and exit the English top flight. Rowe, though, has refuted the suggestion that Exeter could be next in line, claiming instead that the Sandy Park club is now in a solid position to kick on after three years of testing trading caused by the pandemic.
Speaking on the Exeter club website, Rowe said: “For the last three years, ever since covid hit, every club has been tested like never before. It has been a real challenge for all of us, not helped by the ongoing situation with the war in Ukraine, and sadly not every club has been able to get through the process as we have seen.
“To lose another club last week underlines just how tough it has been and it is a trend that needs to be bucked sooner rather than later. Thankfully, the club had assets within its business structure that we were able to use to help bring much-needed funds back in to help combat the repayment on loans and address other issues around the finances.
“That effectively helped keep us afloat through some tough trading months but now as we look to the future, we are very confident that next year we will be back in full recovery mode. Sandy Park itself is incredibly busy.
“Sandy Park Hotel is very busy and with crowds starting to come back into stadiums, both for our men’s and women’s teams, as well as the concerts we are holding here this summer, we see a bright and exciting future ahead for the club and for our business as a whole.”
Addressing the ‘shaky foundation’ that Exeter were allegedly on, Rowe added: “As I said, it has been a financially challenging time for all of us, but what I guess it has shown is just how underfunded the game of rugby itself truly is.
“That is something not only clubs have to address moving forward, but it is also for the likes of Premiership Rugby and those who run the game in this country to really look into. We can’t afford to stand still in any shape or form. For the game to grow in the manner we all want, we have to be looking at developing every aspect of it, both on and off the field.
“Personally, I’m really looking forward to the future. The squads we are assembling for the new season are hugely exciting and clearly with an eye to the long-term future as well. We have never been a club who are looking for a short-term fix. We have always had a vision of where we want to go, how we want to get there and a realistic time frame of how long that will be.
“Our success in recent years has been built around having those solid foundations and that is what we will continue to do as we look to attack next season and beyond.”
Comments on RugbyPass
I’d say France was far more hard done by in the 2011 final than the All Blacks in this game. Joubert simply refused to call a penalty against the All Blacks in the last quarter even directing an All Black to drop a ball he picked up in an offside position rather than penalizing him. This article also totally discounts the efforts of PSTD. Ask Jordie how well he played. Or the backup flank who played hooker for the entire game. Siya was also a brilliant tackle by Richie from scoring a blinder. Pollard was also fantastic. Look I don’t like the boks style but the only thing more questionable than the content of this article is the timing of it. Get over it already
140 Go to commentsDad Marty was also a handy rugby player for Linwood back in the day. Great bloke. Sensational softball career.
2 Go to commentsWhat ifs are always dangerous. If you look at the game before Sam cane got sent of SA was dominating. You could make the argument the going down to 14 men rallied the troops and made them have to play to win which is always dangerous.
140 Go to commentsOmg… you are bruised And battered Benny. Stop crying … the scoreboard speaks. What a pathetic lover you are.. 🤣🤣🤣
140 Go to commentsPacific Lions, cry me a river
140 Go to commentsThis is the single worst piece of journalism I have ever seen since your last one. As a neutral, who really states that there should be an asterisk next to a win? You are an utter embarrassment to real AB fans, journalism and that joke of a house which pays you for this nonsense. Get a life, Ben.
140 Go to commentsGuys. Cancel the World Cup champions after this analysis. It changes everything. Ben knows. We’ll have to unengrave the Bokke off the trophy and hand it to the ABs, now that I’ve been enlightened about this illegitimate win. This needs to be done. Now!
140 Go to commentsBen is right here though, Springboks were woefully poor with the advantage they had throughout this game. The France match was heroic because that was an even contest this match had it taken place in Rugby Championship would have been an easy win for NZ. If anything this match should tell the Bok coaches that a lot of this team should be changed. They beat this same NZ team by record margin with the same circumstances but with a different core. They bring back the tried and tested guys and they nearly botch this game.
140 Go to commentsI knew who wrote this article from the first few words in the headline…lol. The red card actually did the ABs a favour. It galvanized them, only then did they step up a gear. Before that there was zero momentum.
140 Go to commentsFirstly the foul on Bongi was a planned move just like the NZ master plan with Bryce Lawrence you kiwis are filthy fux perhaps try to play a cleaner game next time I doubt that’s possible tho but don’t worry world rugby is on yr side they trying to take away all the BOKS strengths to help all you weakling as Jeremy Clarkson would say LA OO ZA ERR..🤣
140 Go to commentsAbsolutely spot on Ben. I certainly wouldn't gloat over a win like that. Frustrating as it is it's done and dusted and history will forever show the result.
140 Go to commentsHo hum.
140 Go to commentsNo question they were the better team. But that is the beauty of sport isn’t it!
140 Go to commentsEveryone is into Hurling in Ireland according to Porter, but only 11 of Ireland's 32 counties enter a team into the national competition. Same old blarney.
1 Go to commentsLet’s be honest. The draw and scheduling in the World Cup was a joke but South Africa found a way after having to go the hard (nearly impossible) way to the Cup Final via France and England. NZ had a hard game against France (lost) and had 5 weeks to prepare for the Quarter, 3 weeks knowing it was Ireland. NZ theerfore had to win one big game against an Irish team who played SA and then Scotland 7 days before. They won and it was de facto a semi final because they were playing a relatively weak Argentina team and it was a walk over. In the final a very rested NZ team was playing a very tired SA team and still lost. They couldn’t score more than 11 points. Put another way SA had to find a way to win while tired and they achieved that. NZ should thank their lucky stars that they fixed the scheduling in 2015 otherwise they would be dealing with a Bok treble.
140 Go to commentsPerhaps if Bongi wasn’t targeted and removed from the game in the first 3 minutes it would have been quite a different game. Maybe if NZ also faced the same competition the Boks faced to their win NZ would have looked quite different. The final score shows who outplayed who.
140 Go to commentsRubbish article! Abuladze played most of Exeters matches when fit. He got injured against Glasgow a while ago and is out for the rest of the season, thats why he hasnt played for Exeter and Georgia recently. Do some proper research next time!
1 Go to commentsGotta love it when kids throw their toys out the pram and can’t hack it with the grown ups debate. Here’s looking at you turlough! 😉🤣
148 Go to commentsThey lost the game period move on
140 Go to commentsSpringboks won! Stop winging. You can change the game however much you and your rugby colonizing IRB want to and the Springboks will win you at that too. Your mind is colonized my friend get a life
140 Go to comments