ERG Plc completes £10.5m Bond Offering

Exeter Rugby Club chairman and chief executive, Tony Rowe OBE, has expressed his delight at the results of the latest bond scheme released by the reigning English and European champions.

Launched in September and closed in November, the Exeter Chiefs 2027 Bond has helped to raise over £10.5m – and will be used to further enhance all facets of the business over the coming years.

Under the stewardship of Mr Rowe, Exeter Rugby Club has, until the outbreak of Covid-19 around the world, become the Gallagher Premiership’s only profitable club – and have made huge strides in developing the success of the Chiefs, both on and off the field.

The Exeter Chiefs 2027 Bond comes on the back of the club producing a similar scheme back in 2013.

“To see the figures raised with the launch of this latest bond scheme is hugely encouraging,” said Mr Rowe. “To raise over £10m in the current climate, demonstrated the confidence people having in our business and its success moving forward.”

Included in the future plans for Sandy Park are the extension of the East Terrace, to help raise match-day capacity, and the completion of the Sandy Park Hotel (a 4-star Marriott Courtyard hotel).

Helping to guide Exeter Rugby Club through the Bond fundraising have been corporate finance experts Isca Ventures, with legal support provided by Michelmores LLP.

The success of this offering demonstrates the confidence investors have in our business and its success moving forward.

Tony Rowe OBE, Chairman, Exeter Rugby Group Plc