The chairman of Exeter City Football Club has resigned from his position after serving for less than four months, marking a significant leadership change at the South West club. Richard Pym, who returned to the fan-owned side last autumn amid financial uncertainties, has stepped down from his role, the club confirmed in an official statement.
Return During Financial Challenges
Mr Pym rejoined Exeter City in the autumn of 2025 when the club's future was under threat due to financial difficulties. His return was seen as a crucial move to help stabilise the organisation, which had secured loans of approximately £600,000 from the Exeter City Supporters' Trust during the previous season. The trust, which owns the club, has been instrumental in maintaining its operations through challenging times.
A Family Legacy in Football
Richard Pym comes from a notable footballing family, being the grandson of Dick Pym, the legendary goalkeeper who played for Exeter City, Bolton Wanderers, and England. This heritage adds a layer of historical significance to his involvement with the Grecians. Mr Pym had previously served as chairman between 2020 and 2021, bringing experience and continuity to his recent appointment.
Key Financial Contributions
During his brief tenure, Mr Pym made substantial contributions to the club's financial health. One of his significant achievements was negotiating an early payment of transfer sell-on fees owed to Exeter City. This followed striker Jay Stansfield's £15 million move to Birmingham City in 2024, providing much-needed capital to the club.
The club's statement highlighted his vital role in securing Exeter City's future, noting "significant progress since he returned to support the club during the autumn of 2025." His expertise was credited with helping to place the club on a more stable financial footing, which included finalising agreements for forward financing of deferred transfer payments and creating a plan for subsequent loan support.
Future Investment Pathways
Mr Pym also proposed a Rights Issue designed to increase the trust's shareholding in the club and open opportunities for new investment. This strategic move aims to provide a clear path for financial growth and sustainability, ensuring the club can continue to compete and develop in the coming seasons.
Interim Leadership and Next Steps
With Mr Pym's departure, Laurence Overend, the club's vice-chair, will assume the role of chairman on an interim basis. The club has announced that it will now undertake the process of appointing a new permanent chair, seeking leadership that can build on the financial stability achieved during Mr Pym's tenure.
Exeter City expressed its gratitude in the statement, saying, "Richard leaves with the club and trust's grateful thanks. He has made a vital contribution towards securing the future of the football club." This transition comes at a time when the club continues to navigate the complexities of football finance, relying on its unique fan-owned model to sustain its operations and ambitions.
