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US backer eyes Chiefs

EXETER Chiefs have finalised a proposed takeover by an American backer and will now put the offer to a vote by their 700 members in a special general meeting early next month.
Exeter’s latest accounts showed more than £10m in post-tax losses and chairman Tony Rowe, who has been key to funding the club over the past 30 years, has sought new owners to sustain the club in the longer term.
American investment bank Raine and consultant Deloitte have been recruited to pitch the Prem and its clubs around the world.

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