Exeter chairman and chief executive Tony Rowe has agreed to buy a stake in a hotel owned by the club to help pay off government-backed Covid-19 loans.
Exeter have not disclosed how much Rowe has paid, or what stake he has taken.
The group that runs Exeter had borrowings of £28.1m according to accounts to 30 June 2021.
Those included a Barclays Covid-19 loan of £5m, a Sport England loan of £6.8m and a NatWest…
