Exeter City: League Two side make 拢2.9m profit despite Covid-19 pandemic
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England striker Ollie Watkins joined Exeter City aged nine and left the club for Brentford for 拢1.8m in 2017
Exeter City made a profit of 拢2.9m in the year to 30 June 2021 despite the Covid-19 pandemic.
The club earned 拢4.94m in transfer income over the 12-month period, largely down to the sell-on clause in Ollie Watkins' 拢28m move from Brentford to Aston Villa in September 2020.
City got around 拢4m for Watkins' Villa sale and another 拢300,000 in add-ons.
The club also sold Ryan Bowman, Nicky Law and Ben Chrisene for undisclosed fees during the period.
The figures do not cover Joel Randall's 拢1m move to Peterborough United in August or two more England appearances for Watkins, which attract additional payments.
Without the transfer income the League Two club would have made a loss of just over 拢1.4m - the club's turnover dropped by 拢2.2m with fans unable to attend matches for almost all of last season.
Supporter-owned Exeter are using some of the money earned in transfer fees to fund new buildings at their training ground.