"Manchester City will not offer Exeter extra money from Saturday's third-round FA Cup tie. The financially troubled League One club this week revealed they had asked the Premier League club for a greater proportion of the gate receipts as a statement of solidarity. Exeter, whose supporters' trust is the club's majority shareholder, will take 8,000 fans to a sold-out Etihad Stadium to face the seven-time FA Cup winners."
"In recognition of Exeter City's supporter-ownership model and the financial realities faced by fan-owned clubs, the club have written to Manchester City to ask whether they would consider voluntarily transferring a portion of their share of the matchday gate receipts to Exeter City It would have a tangible impact on their finances and would stand as a strong statement of solidarity with sustainable, fan-owned football."
Manchester City will not provide Exeter with additional matchday funds after Exeter requested a larger share of gate receipts. Each club receives 45% of gate receipts, with 10% taken by the Football Association. Ticket sales for the sold-out Etihad tie are estimated to generate between £250,000 and £400,000 for Exeter. Exeter is majority-owned by a supporters' trust and asked Manchester City for voluntary additional funds as a show of solidarity. Exeter has faced redundancies, required £600,000 in loans from the trust, and suffered about £100,000 of fire damage to St James Park. The match has no TV selection and replays are unavailable from the first round proper.
Read at www.theguardian.com
Unable to calculate read time
Collection
[
|
...
]