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Re: DOR news
Posted by: abberley
Date: 06/10/2017 12:38
Quote:
ROLLO
At risk of opening a whole can of worms a lot of time, energy and in the end cash has been expended in getting a separation between the amateur club and the professional one. Exeter did not have this problem.

Prompted to look up the origin of the expression 'Can of worms' - and it's apparently not from what I had always assumed it to be sad smiley

Surely Exeter had exactly the same problems as Worcester - but they (and particularly Tony Rowe) have handled it much better?

AFAIK, Exeter are still a Members Club, owning all the shares in Exeter Rugby Ltd via trustees and, although Tony Rowe has funded them to an extent similar to Cecil & Co. at Worcester, that funding has been via bonds rather than 'ownership'.

They have in the past been the subject of a potential hostile takeover via bulk Membership invasion but have put in place complex rules & articles that will prevent that ever happening in future. (Perhaps one of our resident beancounters could expand on the detail?)

To JP's list of DoRs I would add Les Cusworth as the most signifiant loss. He was involved with all levels of the Club at Worcester and I'm sure could have given us the continuity to evolve in a similar way to Exeter. (He even had a 'local' connection in that he did his teacher training at West Midlands College of Education.)

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