Club members vote to accept expression of interest

Members and shareholders of Exeter Rugby Club Group plc gathered at Sandy Park tonight to vote on an expression of interest to buy the club.

At a special general meeting held in the Exeter Suite, the club’s chairman and CEO Tony Rowe talked through a letter of intent from Cannae Holdings Inc’s (Black Knight Sports and Entertainment), which outlined their interest in purchasing all the shares of Exeter Rugby Club Group plc.

Members voted by a majority to permit the sale of the company.

Rowe said: “This does not represent a firm offer. It is just a non-binding expression of interest at this stage but, hopefully, an offer will follow and we can begin negotiating the terms of the sale.”

Any offer will be dependent on the completion of a 60-day due diligence process that will not be completed before the end of this month.