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       #Post#: 146823--------------------------------------------------
       O/T Exeter up for sale
   DIR By: deadlyfrom5yardsout
       Date: December 31, 2025, 4:55 am
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  HTML https://www.telegraph.co.uk/gift/5cd1165ad6a3017d
       #Post#: 146828--------------------------------------------------
       Re: O/T Exeter up for sale
   DIR By: Subterra
       Date: December 31, 2025, 5:24 am
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       Tony Rowe has been a real breath of fresh air when it comes to
       Rugby.
       No doubt he needs to retire, relax a bit and cut down his
       spending.
       Met him a few times, decent bloke and very pasionate about the
       Club and the game in general.
       #Post#: 146831--------------------------------------------------
       Re: O/T Exeter up for sale
   DIR By: Quinky
       Date: December 31, 2025, 5:45 am
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       --- Quote from: Subterra link ---
       >
       > Tony Rowe has been a real breath of fresh air when it comes to
       Rugby.
       > No doubt he needs to retire, relax a bit and cut down his
       spending.
       > Met him a few times, decent bloke and very pasionate about the
       Club and the game in general.
       >
       >
       --- End Quote ---
       I wonder if the future of rugby lies with rich owners. Or is
       there a possibility of fan owned clubs, via share structure. If
       so, I'm sure Quins would have no shortage of fans happy to dip
       into their pockets.
       #Post#: 146834--------------------------------------------------
       Re: O/T Exeter up for sale
   DIR By: deadlyfrom5yardsout
       Date: December 31, 2025, 6:13 am
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       Rowe is positing that the future holds Investors owning Rugby
       franchises. Quite how that squares with Exeter being "owned" by
       the Members I am not sure?
       #Post#: 146837--------------------------------------------------
       Re: O/T Exeter up for sale
   DIR By: Scooter
       Date: December 31, 2025, 6:25 am
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       --- Quote from: deadlyfrom5yardsout link ---
       >
       > Rowe is positing that the future holds Investors owning Rugby
       franchises. Quite how that squares with Exeter being "owned" by
       the Members I am not sure?
       >
       --- End Quote ---
       I'm a big fan of companies that are structured through the
       Employee Owned Trust model. I've often thought a structure along
       similar lines adapted specifically for professional revenue
       generating sports clubs would be an interesting method to use.
       #Post#: 146839--------------------------------------------------
       Re: O/T Exeter up for sale
   DIR By: deadlyfrom5yardsout
       Date: December 31, 2025, 6:35 am
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       He who pays the Piper calls the tune methinks. If the "Members"
       are contributing financially on an equal basis then great.
       Otherwise the "Membership" is worth about as much as a chocolate
       teapot.
       #Post#: 146845--------------------------------------------------
       Re: O/T Exeter up for sale
   DIR By: Quinky
       Date: December 31, 2025, 7:32 am
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       --- Quote from: deadlyfrom5yardsout link ---
       >
       > Rowe is positing that the future holds Investors owning Rugby
       franchises. Quite how that squares with Exeter being "owned" by
       the Members I am not sure?
       >
       --- End Quote ---
       I'm not saying it does. I'm just throwing out there a thought
       that's occurred to me previously.
       Obviously you could buy Quins with the loose change down the
       back of your chaise longue, Dangly... ;)
       #Post#: 146852--------------------------------------------------
       Re: O/T Exeter up for sale
   DIR By: Rugbycat
       Date: December 31, 2025, 11:07 am
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       --- Quote from: Scooter link ---
       >
       >
       > I'm a big fan of companies that are structured through the
       Employee Owned Trust model. I've often thought a structure along
       similar lines adapted specifically for professional revenue
       generating sports clubs would be an interesting method to use.
       >
       --- End Quote ---
       Actually producing any revenue from a Prem rugby club has not
       been done since before Covid, and you need someone or a company
       to provide a parachute if something unexpected comes along, and
       at present to absorb the losses that everyone is experiencing.
       He is explaining why a franchise system is needed, to encourage
       investment.
       #Post#: 146854--------------------------------------------------
       Re: O/T Exeter up for sale
   DIR By: Quinky
       Date: December 31, 2025, 11:20 am
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       --- Quote from: Rugbycat link ---
       >
       > Actually producing any revenue from a Prem rugby club has not
       been done since before Covid, and you need someone or a company
       to provide a parachute if something unexpected comes along, and
       at present to absorb the losses that everyone is experiencing.
       > He is explaining why a franchise system is needed, to
       encourage investment.
       >
       --- End Quote ---
       Lack of revenue/profit is what's likely to deter many people
       (understandably). Which is why fans may be an alternative
       option. They are less likely to care as it's "their" club.
       #Post#: 146861--------------------------------------------------
       Re: O/T Exeter up for sale
   DIR By: Rugbycat
       Date: December 31, 2025, 12:33 pm
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       --- Quote from: Quinky link ---
       >
       > Lack of revenue/profit is what's likely to deter many people
       (understandably). Which is why fans may be an alternative
       option. They are less likely to care as it's "their" club.
       >
       --- End Quote ---
       Not convinced, if you had 2500 people who owned a club and the
       club lost £3.5m, that would be £1400 each, in addition to the
       normal season ticket costs.
       Most employee owned companies make a profit most years, and have
       more assets than debts, also would you be able to buy more than
       one share in the club, how is the club run, how are decesions
       made, again so called employee run companies don't let them
       really run the company.
       People may not like it but a franchise system is the way
       forward.
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