Norwich FC finances transformed in 4 years

The Oldman

I like the Hat

NSC Patron

Jul 12, 2003

7,104

In the shadow of Seaford Head

• Oct 11, 2013

• #1

An interesting piece about Norwich and their financial position.

http://www.bbc.co.uk/sport/0/football/24466994

Shows how a club similar to us in terms of size, attendance, etc has benefited from just a few years with the big boys.

 

G

gordonchas

New member

Jul 1, 2012

230

• Oct 11, 2013

• #2

Yes, it appears healthy. But behind it there is the usual trend, which will inevitably lead to disaster eventually.

Notice how they reduced their debt to practically zero in two Premier League years, but in the first of those they made a big profit due to the huge increase in income and the small increase in wages.

Now, compare the wages in 2012-13 with 2011-12 (up by 55%) and the amount spent on transfers (10m in 2011-12, 20m in 2012-13, 24m+ in 2013-14).

Norwich City's non-TV revenue is not going to be increasing in any great shape or form, so sure enough in the article you linked their Chairman says:
""As long as we're alive, we have to stay in the Premier League. It's a message I need to get across to all of my colleagues here at the football club. The board knows it, but everybody who works here needs to be focused on that. It's why the finances have improved so quickly and it's integral to our future plans."

So how exactly does Mr McNally plan to guarantee that, then? You could have 20 Mr McNally's in the Premier League and by May, three of them will find themselves in the Championship.

 

Westdene Seagull

aka Cap'n Carl Firecrotch

NSC Patron

Oct 27, 2003

20,996

The arse end of Hangleton

• Oct 11, 2013

• #3

I'd suggest it shows that TB will never get his money back for the stadium even if we do get to the Premiership. Thankfully he doesn't really want it back !

 

S

Seagull over Canaryland

Well-known member

Feb 8, 2011

3,549

Norfolk

• Oct 11, 2013

• #4

Interesting priorities. At least they have paid down their debts.

They have decided not to expand Carrow Road yet they have similar numbers of STHs to us and most Prem games there are sold out. They are not prepared to evict 7k STHs for a season while the rebuild the main stand.

Instead its all about investing any spare money in the squad so they stay in the Prem. Their transfer and wage budget is escalating rapidly merely to enable them to stand still. Probably the only way forward but still scary sums for an average Club.

 

dejavuatbtn

Well-known member

Aug 4, 2010

7,186

Henfield

• Oct 11, 2013

• #5

Westdene Seagull said:

I'd suggest it shows that TB will never get his money back for the stadium even if we do get to the Premiership. Thankfully he doesn't really want it back !

Click to expand...

- at the moment.

 

casbom

Well-known member

Jul 24, 2007

2,581

• Oct 11, 2013

• #6

Also shows how really lucky we are to have a Billionaire owner! When they have deferred expanding due to the "20 year £30m Mortgage" they'd have to get. Us? Big Tone just opens his wallet

 

W

warlingham seagull

New member

Jul 28, 2004

173

Warlingham

• Oct 11, 2013

• #7

and they also had a hotel built on their car park.....