Job cuts confirmed at Exeter City FC as fan-owned club battles rising costs

Exeter City Football Club has confirmed it is making staff redundant as part of a wider cost-cutting programme, prompting concern among supporters during what the club describes as a “very disappointing” but unavoidable period of financial pressure.

The club said employees were told at the start of November, with the news later shared publicly at the Exeter City Supporters’ Trust AGM on 8 November. 

The redundancies form part of a series of savings measures introduced in recent months as the League One side works to stabilise its finances.

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In a statement issued to Exeter Today, the club said: “We can confirm that the Club is going through a programme of redundancy. Whilst it is very disappointing, it is an essential part of several cost saving measures which have been instigated across the club in recent months.” 

“This is a decision which has not been taken lightly and does not, in any way, reflect the hard work or value of staff across the organisation.”

“We understand how unsettling this is, and we will do all we can to support all staff through the process.”

Exeter City, one of the few fan-owned clubs in the English Football League, has faced rising costs across operations, travel, matchdays and infrastructure, pressures that have been felt across the lower divisions. 

With revenues heavily tied to attendance, sponsorship and cup success, financial tightening has become increasingly common as clubs navigate post-pandemic operating costs and inflation.

No details have yet been given about the number of roles affected or which departments face reductions. 

The club has also not confirmed whether further measures are expected later in the season.

The Supporters’ Trust, which owns a majority stake in the club, has previously emphasised the importance of maintaining financial sustainability, especially amid growing costs in League One. 

Supporters responding to early reports on social media expressed sympathy for staff and concern for the club’s long-term position.

Exeter City FC said it will continue to provide support to employees going through the redundancy process.