Norwich financial difficulties

[BhafcBlues]

Those fearing Norwich beings 'team to beat' next year could all change,
They've lost their sponsors - Aviva who will become official partners of the premier league. Their banking facility is also recorded as being maxed out, and are rumoured to be facing a financial crisis, which could see an imminent sale of players.

 

[HoveSaint]

Those fearing Norwich beings 'team to beat' next year could all change,
They've lost their sponsors - Aviva who will become official partners of the premier league. Their banking facility is also recorded as being maxed out, and are rumoured to be facing a financial crisis, which could see an imminent sale of players.

Fear not. Delia will flog a few more million books about boiling eggs and all will be fine again.

 

[Moshe Gariani]

Those fearing Norwich beings 'team to beat' next year could all change,
They've lost their sponsors - Aviva who will become official partners of the premier league. Their banking facility is also recorded as being maxed out, and are rumoured to be facing a financial crisis, which could see an imminent sale of players.

If true that is excellent news for us. An efficiently bankrolled Norwich would be formidable opposition next year.

 

[BensGrandad]

I still think that they have a squad to be one of the favourites to get automatic promotion.

 

[Ernest]

Their CEO has just resigned

 

[Blue Valkyrie]

Administration looming ?

 

[hans kraay fan club]

Those fearing Norwich beings 'team to beat' next year could all change,
They've lost their sponsors - Aviva who will become official partners of the premier league. Their banking facility is also recorded as being maxed out, and are rumoured to be facing a financial crisis, which could see an imminent sale of players.

I still think that they have a squad to be one of the favourites to get automatic promotion.

Did you actually read the opening post?

 

[BensGrandad]

Did you actually read the opening post?

Yes but they could sell their prize assets Nathan Redmond and Ruddy and keep the vultures away leaving them with a good squad and a good workman like manager.

 

[The Oldman]

Fear not. Delia will flog a few more million books about boiling eggs and all will be fine again.

Delia not putting anymore money into club according to reports. Board looking for early appointment of CEO and possibly foreign investment. All players up for sale it is alleged.

 

[LlcoolJ]

Where has all this come from as I've only seen it on TSF's Twitter account?

 

[The Oldman]

Where has all this come from as I've only seen it on TSF's Twitter account?

http://www.teamtalk.com/news/norwich-in-cash-crisis-amid-shock-fire-sale

 

[WonderingSoton]

Lower PL and upper Champ clubs will be forming a queue for the likes of Redmond, Ruddy, Hoolahan, Klose, Naismith, Olsonn etc. If they needed to, they could raise a lot of money from just a few sales. And they would still have the core of an experienced promotion winning side and a decent manager to boot.

 

[Paul Reids Sock]

Did you actually read the opening post?

Seems a bit harsh

It's not saying that all of the players would be sold, and as other have suggested they may only need to sell 2 or 3 to make up the money required. It would still give them a decent squad

 

[Raskolnikov]

Something for Hughton, he must still know a few players up there that he could convince

 

[studio150]

Those fearing Norwich beings 'team to beat' next year could all change,
They've lost their sponsors - Aviva who will become official partners of the premier league. Their banking facility is also recorded as being maxed out, and are rumoured to be facing a financial crisis, which could see an imminent sale of players.

They will replace Aviva having had months to line up replacement but obviously having been relegated the sponsorship money will be lower. The money issue does however make it difficult to hold onto existing squad. If they become a major selling club they will struggle and are likely to be in the lower half next season.

 

[LlcoolJ]

http://www.teamtalk.com/news/norwich-in-cash-crisis-amid-shock-fire-sale

Ta. Although that article is just restating the TSF quotes (not that I doubt him being a credible SAUCE).

 

[Insel affe]

Administration looming ?

how does that happen, I though it was the promised land perhaps we dodged a bullet last night it seems..

 

[BensGrandad]

Lower PL and upper Champ clubs will be forming a queue for the likes of Redmond, Ruddy, Hoolahan, Klose, Naismith, Olsonn etc. If they needed to, they could raise a lot of money from just a few sales. And they would still have the core of an experienced promotion winning side and a decent manager to boot.

That was my view and with parachute payments look what Burnley did so add that to Norwich, Newcastle and Villa and you have potentially 3 promoted clubs with the majority of their existing squad.

 

[Uter]

That was my view and with parachute payments look what Burnley did so add that to Norwich, Newcastle and Villa and you have potentially 3 promoted clubs with the majority of their existing squad.

True for the first two, but IMO there is no way on earth the Aston Villa will get promoted with the majority of their existing squad. They were the worst team in the Premier league by a long, long distance. They need a complete clear out, but they are broke.

I really can't see Norwich having too many problems financially judging by the Swiss Ramble blog. Admittedly it only covers up to 2015, but they had comparatively low levels of debt. Their sponsorship deal was pretty small too so it won't be a major loss for them. Aston Villa on the other hand are a complete basket case and totally reliant on Randy Lerner covering ongoing losses. He wants to sell but I can't see too many takers. If he pulls the plug then administration is not out of the question for them.

 

[nicko31]

I'd be surprised if there's much truth in this story, McNally I heard ran a tight ship. Don't think there is provision though to keep running annual loses though like us