Exeter's Taylor braced for 'low budget' in League Two
Matt Taylor was previously Exeter City manager from 2018 to 2022
- Published
Exeter City manager Matt Taylor says the club could have one of League Two's lowest budgets next season.
Taylor returned to the club for his second spell as manager on Thursday after being interim boss since March.
Fan-owned Exeter were relegated from League One this season amid financial difficulties and will rely more heavily on their academy players in the fourth tier.
The club are likely to sell some of their more established players, with this season's top scorer, Jayden Wareham, linked with a move elsewhere.
"It's a small budget; it's a low budget," Taylor told BBC Radio Devon.
"But the beauty of Exeter City is it can change - it could change on June 1st, it could change on July 31st, it could change and probably will change.
"The one thing which is important our supporters will know is the club aren't holding back any money.
"They're giving us the best possible budget at this moment in time, which they've always done.
"That's one thing which the fans have to understand; if we had more money, the club would always put that towards the budget first and foremost."
Taylor said the club will undergo a "reset" on and off the field as they look to claw back losses.
The Exeter City Supporters' Trust lent the club around £600,000 this season to cover overspends from the 2024-25 campaign.
It means it is unlikely Exeter will be challenging for promotion next season, but Taylor hopes that work done now can provide benefits further down the line.
"That reset and refocus from a playing side of things will probably be to work within a limited budget and to work within the understanding that our young players need a pathway, need an opportunity, need to see where their future could be on the pitch for Exeter City," he added.
"Not to say that's not happened in recent times, but a bigger emphasis on it and a bigger understanding that that provides value for this football club, whether they become assets which are sellable for the future or they play on the pitch.
"Ever since we've been trust-owned, there's been a reliance on that with no big benefactors, no chairman throwing a load of money at us.
"Our investment has always come from selling to players and producing players, and it's something which has served us so well.
"It's something I believe in, and it's something I think our supporters believe in as well.
"It's something we want to get back to in a greater state than we have done previously."
