Football

Norwich chief confident over finances

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Norwich chief executive David McNally is optimistic about the club's finances following a "constructive" AGM at Carrow Road this week.

The Canaries are working hard to reduce their £22.9million debt and have appointed professional advisors Deloitte to help the club consider what options are available.

"This was a really constructive meeting I thought, the feedback from shareholders has been very positive," McNally told the club's official website.

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"Clearly the financial challenges that we're having to face up to are real, they are there but at least they are transparent and out in the open - especially the chairman's piece when he shared with shareholders where the money has all gone over the last six years was very informative."

 

McNally added: "Absolutely we do need some new investment coming into the club, whether it's partial or complete or some kind of bond issue or share issue and there are a myriad of other ways of bringing in investment into the Football Club.

"Deloitte have been charged with coming up with a variety of options and as a Board we'll debate those and decide which route to follow."

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Topics:
Norwich City
Football
League One

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