Brighton's Dream Takes Flight: Exeter City's Big Splash Helps Bring Glory Back to the Seagulls!

Laurence Overend has previously been chairman of the board of the club's owners the Exeter City Supporters' Trust [Shutterstock] Exeter City will have enough money to see out this season and start the next campaign, according to interim chairman Laurence Overend. The League One side has had to make redundancies and needed around £600,000 in loans from owners the Exeter City Supporters' Trust to stay afloat this season. It led to fears for the fan-owned side's future after the club overspent in the 2024-25 campaign.

"You will always face the financial pinch-point during the close season, but from the accounts I've seen, the date where it gets to be a worrying balance keeps getting further and further away," Overend told BBC Radio Devon. "I'm as confident as I can be that we will start next season solvent, but with a reduced budget for the playing costs. " Former chairman Richard Pym told a fans forum in January that the playing budget for next season could be cut by as much as £1m to £1.

5m. But Overend is optimistic it will not be as large a reduction. "I won't go into the figures here because they're not set in stone yet.

I don't anticipate it will be as great as that," he said. "I think if there is any comfort that can be drawn, it's that it's better to set a budget low and to ensure that you survive the season financially, comfortably and as a solvent and stable club, rather than saying 'we'll have a budget of millions' and it all goes wrong and you end up in debt. " Job cuts at Exeter City as fans give club second loan Pym resigns as Exeter City chairman How 20 years of fan ownership is helping Exeter 'do it right' Exeter had been held up as a model of how to run a football club sustainably and successfully - helped by an academy that had earned millions from the sale of the likes of Ollie Watkins, Jay Stansfield and Ethan Ampadu.