Exeter Chiefs Ownership Changes Hands
The owners of Premier League club AFC Bournemouth have finalized their acquisition of Exeter Chiefs.
Cannae Holdings' Black Knight Rugby becomes the first US-based entity to assume control of a top-tier English rugby club.
reports the transaction for this month's Premiership finalists, who were runners-up, is valued at approximately £25 million.
The club's members, previously owners of the two-time Premiership champions and 2020 European Champions Cup winners, approved the takeover plans last month.
Black Knight's Rugby Investment and Other Holdings
This marks Black Knight's inaugural investment in rugby. The group also holds stakes in the French football club FC Lorient and owns Auckland FC.
Exeter Chiefs join other Premiership clubs that have recently secured significant new investments.
Last August, energy drink company Red Bull acquired Newcastle, while Bath received a boost from businessman James Dyson acquiring a 50% stake in the Premiership champions.
Leadership Presence at Matches
Black Knight's Ryan Caswell (right) was seen accompanying Exeter Chiefs chairman Tony Rowe at a match held at Sandy Park in April.
