Exeter's financial woes
Submitted by WG on Sun, 12/02/2012 - 09:02
Exeter City are so short of cash that manager Paul Tisdale cannot sign any loan players to strengthen the squad which was weakend by the departure of a number of key players at the start of the season.
Attendances are down by 20 per cent on last season averaging at about 4,000. This is a big fall and it is not clear why it has occurred even given difficult economic times.
The club is owned by a fans' trust so there is no benefactor on hand to pump in money. Being reliant on a benefactor carries with it the risk of being left high and dry when the money runs out, but there are also downsides to the fans' trust model.
