Exeter were promoted to the top flight of English rugby in 2010
A takeover of Exeter Chiefs by the owners of Premier League AFC Bournemouth has been approved by the Prem rugby club.
Members and shareholders voted in favour of a bid by Cannae Holdings' Black Knight Sports and Entertainment at a special general meeting on Thursday night.
If the takeover goes through, the American investors will purchase all shares in the Devon club.
Black Knight is currently carrying out a due diligence process which will not be completed before the end of May.
