Next month will see the 15th anniversary of supporter ownership at League Two Exeter City.
After several turbulent years following the millenium, culminating in the arrest and successful prosecution of the then chairman and vice chairman for various criminal offences, the only group able and willing to rescue the club were its supporters. On 5th September 2003, the Exeter City Supporters' Trust acquired the majority shareholding in the club - and £4.7 million of debt! As has happened so often in the world of football, a CVA (Company Voluntary Agreement) was set up between the club and its many creditors.
By a totally unexpected stroke of good fortune, the club, having been relegated to the Conference at the end of the 2002-3 season, won through to the 3rd round of the FA Cup late in 2004, resulting in a trip to Old Trafford in January 2005, a quite unforgettable 0-0 draw and a replay.
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To read more about the Exeter Trust and the work they do click on the image below
Cambridge Fans United