Pandemic sees even champs Exeter suffer loss

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EXETER, ENGLAND - FEBRUARY 13: Rob Baxter, Director of Rugby of Exeter Chiefs looks on during the Gallagher Premiership Rugby match between Exeter Chiefs and London Irish at Sandy Park on February 13, 2021 in Exeter, England. Sporting stadiums around the UK remain under strict restrictions due to the Coronavirus Pandemic as Government social distancing laws prohibit fans inside venues resulting in games being played behind closed doors. (Photo by Harry Trump/Getty Images)

By SAMUEL JACKSON

PREMIERSHIP and European champions Exeter Chiefs have recorded a pretax loss of £2.26m after being “significantly impacted” by the Covid-19 pandemic.
The club’s financial results for the year to June 2020 compared to a £24.75m profit in the previous year.
Turnover fell by £4.73m due mainly to the pandemic, which saw the club not play any games after March.
The figures do not cover earnings from winning the Premiership or Champions Cup, which happened after June 30.
Exeter’s 2019 profit was helped by £14.1m from their share of CVC Capital Partner’s £200m acquisition of a st...

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