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Next Game: Rushall At Home In The League On Saturday 30th November At 3.00pm

Monday, February 20, 2023

How Exeter Became A Fan Owned Club

HUST are hoping that Hereford FC could follow the fan-owned model adopted at Exeter.

On Thursday evening at the Special General Meeting they have a resolution asking for the club to set up a joint working party to look at a Hereford model for fans ownership based on the model developed at Exeter.

So here's some background and comment from David an Exeter supporter.

"If this is going to be a serious campaign - and you have no idea how much I hope it is - I suggest someone travels down to have a look at what we've managed to do to the stadium without getting into any debt & see how crowds have exploded - nearly 7k average, when we haven't even had 6k since 1964.

Under 100 years of private ownership we were utterly shit - one of only four traditional clubs never to play in the second tier, with only 13 seasons in the third tier since the creation of the fourth tier. We were one of only around three clubs  never to have played at Wembley by the time we reached the 2006-07 Conference play-offs.

In more than half our 90 EFL seasons we finished in the bottom half of our respective division - including 15 out of 16 seasons leading up to fan ownership. only being saved from NL long before we eventually succumbed by reelection & Macclesfield not meeting EFL ground regulations.

We had an absurd training ground - essentially a muddy bog with wooden huts that was unusable in bad weather & a half-finished ground, with the redevelopment of two sides sending us into the first of two administrations in ten years. The devastating effect of those insolvencies on our unsecured creditors meant that for years our name was dirt among local businesses and the Council. They love us now.

The first insolvency lost us ownership of the ground & the second sent us to within a nanometre of your sad fate. Only a Dean Moxey 2nd round 40-yard wonder-goal & a 3rd round draw & replay against Manchester United saved us.

Things were so bad that the current Fit and Proper Owner's Test was actually introduced as a direct response to our near extinction and the jailing of our owners. If you look you will see that the current prohibitions are taken from specific examples of sharp practice Russell & Lewis were both guilty of - for example Russell had unspent convictions when he took over.

By contrast in 20 years of fan ownership we have played four seasons in the 3rd tier - one third of our entire total spent in the third of four tiers. We have reached Wembley five times & only missed out on a sixth appearance by a last-minute goal when our virtual youth side at times ran rings around a full-strength Portsmouth featuring Markus Harness et al in the Papa John's semi-final.

In fact our Academy has been one of the successes of fan ownership, producing a steady stream of revenue, including our first two internationals since probably Cliff Bastin in the 1930s - Ollie Watkins & Ethan Ampadu.

I'm convinced fan ownership is the reason for this, because the decision to build an academy meant accepting the likelihood of more seasons in the Conference than we hoped - especially when we failed to get promoted before the two seasons of EFL legacy youth development money ran out.

When a collective of elected fans are at the centre of decision-making they are more immune to the short-termism of private owners - not least because individuals don't like flak & abuse and will often pander to pressure from a vocal minority.

A significant section of our more vocal moaners were furious when we replaced the lost EFL youth development funding with money from the playing budget. The same individuals went nuts when we hired the unknown Tisdale over Jimmy Quinn - not knowing that Quinn had said he wasn't interested in youth & wanted the maximum playing budget, wheras Tisdale was fully on board with having to struggle while the infrastructure & Academy was slowly built.

That greater ability for a collective of fans to keep their nerve & provide stability when a vocal minority are ruled by their emotions can be seen in the fact we have never sacked a manager under fan ownership, even when Tisdale was under fearsome pressure, right before he took us to two successive play-off finals.


By dramatic contrast with our dismal 100 years of private ownership, we have only been in the bottom half of our division three times under fan ownership. Two of those seasons were in League 1 when it was the strongest third tier in history, as a consequence of the then new points deduction rules on insolvency catching giant teams out & Tony Bloom doping Brighton.

We were playing Leeds, Sheffield Wednesday, Sheffield United, Norwich, and Southampton among other strong sides like Millwall - & they weren't playing 3rd tier players. Norwich & Southampton were packed with top players - even internationals - & two or three years later would be in the Premier League. The Southampton team that drew 1-1, at SJP contained Kelvin Davis, Rickie Lambert, Adam Lallana, Jose Fonte, Morgan Schneiderlin, Senegalese international Papa Waigo & Mikhail Antonio.

In our 4th tier fan-owned stint we reached March/April challenging for the autos or playoffs in virtually every season, eventually regularly being talked about as promotion favourites. This is astonishing for someone with my 40-year history as a supporter.

We have also revamped the stadium and the training ground without accumulating any debt.

Of course every model has it's ups and downs, but even then I believe our experience shows the strength of fan ownership."