1/12/22

Members of Exeter Rugby Club on Wednesday night passed a resolution for a percentage of shares in Sandy Park Hotel Limited to be sold to club chairman and chief executive, Tony Rowe OBE.

The sale of the shares mean Mr Rowe now has a majority stake of Sandy Park Hotel Limited moving forward, but that the Rugby Club itself still maintains a sizeable percentage of the shares themselves.

The fee paid for the shares by Mr Rowe not only provides an injection of capital to keep cash flow going, but will also help service substantial debts accrued by Exeter Rugby Club due to the impact of the Covid pandemic in 2020.

Part of the resolution was also that directors shall use their best endeavours to retain at least 26% shareholding in Sandy Park Hotel Limited and also prior to any disposal of shares they will likewise use their best endeavours to enter into a Shareholding Agreement to ensure that in the event of the company at any time selling a part or whole of a minority holding in Sandy Park Hotel Limited, no discount shall be applied to the value or the shares on account of their being from a minority holding.

The club will be making no further comment on the matter.

Ahead of the weekend’s match against Harlequins, Bath Rugby Head of Medical Services Rory Murray has provided a squad injury update.

Alfie Barbeary
Alfie had hamstring surgery at the end of September. As he has only just arrived at the club, we are working with him to establish where he is in his recovery. He will return this season. 

Lewis Boyce
Lewis picked up a knee injury against London Irish in October. He is now back in full training.

Chris Cloete
Chris is back running following his broken foot sustained against Wasps in September. He is on course for a return at the end of December.

Jaco Coetzee
Jaco had ankle surgery earlier in the season. He will return the backend of December/the beginning of January.

Gabriel Hamer-Webb
Gabriel injured his ankle against Newcastle Falcons at the start of November. His aim for return is the end of January.

Ruaridh McConnochie
Ruaridh injured his hamstring against Newcastle Falcons at the start of November. It is a similar injury to what Tom de Glanville experienced this season. His aim for return is mid-December.  

Quinn Roux
Quinn suffered a knee injury against the Barbarians. He requires surgery and will return at the end of February.

Will Stuart
Will returned from his knee injury for England against New Zealand. A week later against South Africa, he suffered a dislocated elbow which does not require surgery. He will not return for at least eight weeks.

Sam Underhill
Following his shoulder surgery, Sam has been integrated back into full training. He is set to return in mid-December.  

Mike Williams
Mike has experienced a new knee injury. He is on course for an end-of-January return.