Taken from June 2020 accounts
Cash in Bank Us: 136,265 Exeter: 1,273,755
Total Assets Less Current Liabilities: Us: - 4,489,388 Exeter: +2,052,045
Debts (Creditors within 1 year) Us 7,596,344 Exeter 2,202,777
Shareholder Funds Us: -4,660,559 Exeter + 1,652,571
I have not cherry picked to suit, these are from the balance sheets. Every single one we are not only getting beaten we are being thrashed.
So exactly how are Exeter - supporter owned, in a worse position than us with our want away land developer owners. Please please tell me
For the sake of conversation what would be the benefit of having more in the bank than Exeter. Our owners could walk away at anytime and pocket the money. A pointless figure, very much like the minus figure against the shareholder funds, means nothing. How are Exeter in a worse position, I would guess they have less access to financial resource than us. They haven’t secured promotion as often as us, they are in a lower league position than us, their youth system hasn’t had as much success as ours, Northampton 4 Exeter 0, easy to tenuously cherry pick to suit isn’t it. I still think their model is comparatively outstanding though, although I am not convinced it will deliver the on field success you demand to match.