Exeter chairman steps down

Last Updated: 25/07/14 5:19pm

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Edward Chorlton: Steps down as chairman

Edward Chorlton: Steps down as chairman

Sky Bet

Exeter chairman Edward Chorlton has stepped down from his role with immediate effect.

Chorlton had led the Grecians' board since December 2009 but was facing a vote of no-confidence from the Supporters' Trust, who own the Sky Bet League Two club.

A statement on the club's official website read: "Mr Chorlton wishes Exeter City AFC well in the future.

"He says the Club has a professional Board of Directors, an outstanding manager, a very talented young team, and a group of hard working staff.

"He thanks them for their support and friendship over the last four and a half years and wishes the club and its dedicated supporters a very successful 2014/15 season."

In May earlier this year, the cash-strapped Exeter decided to take a £100,000 loan from the PFA in order to pay their players after a fall in attendance and ticket sales.

This resulted in the Grecians being put under a transfer embargo until the debt is repaid.

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