Exeter City budget slashing plan highlights football finances woesThe simple truth is that life for many clubs in the EFL is just not sustainableView 4 Images General View of St James Park as the sunsets during the Premier League Cup Round of 16 Match between Exeter City u21s and Brentford B at St James Park, Devon on 13 March 2025. Exeter ’s model relies on big-money transfer sales and lucrative Cup runs, but even that is often not enough. ‌View 4 Images Gary Caldwell, Manager of Exeter City during the Emirates FA Cup Third Round match between Manchester City and Exeter City on 10 January 2026 in Etihad Stadium, Manchester, England. I think that is the Exeter City way where... you know, (Julian) Taggy always tells me you have to make a pound go to £1.50 - I still don’t know how he does that! “I think everyone at our football club learned so much.