No further loans for Exeter

Exeter will not need to ask the Professional Footballers' Association for another loan, the club have confirmed.

The Grecians spent June until mid-August under a transfer embargo having been forced to borrow money from the PFA to help ease cash flow worries. And interim chairman Julian Tagg revealed in October that they may be forced to do the same again before the new year. However a rise in attendances and their televised FA Cup tie at Warrington, coupled with the departure of chairman Edward Chorlton and chief executive Guy Wolfenden, means this is no longer the case. "The club is pleased to report that, due to a variety of reasons, the need to secure a loan from the PFA to assist cash flow over the short term will now not be necessary," a club statement read. "Whilst there are numerous contributing factors, including internal and external initiatives from both club and Trust, the main aspects that facilitated the required savings were those made from senior staff positions being vacated and not replaced, improved gate takings from attendance (although this has, despite excellent recent form, fallen back) and finally the revenue secured from the recent FA Cup television appearance. "Thanks must go to all involved across the whole club. And everyone involved in Exeter City would like to thank all of our fans for your support throughout the year."