morty
Moderator
Staff member
ANALYSIS: City's complex financial story still has a reassuring theme
There’s a reassuring familiarity to Norwich City’s annual financial results after managing to post a £21.5million profit as the Canaries soared…
OldRobert
Well-Known Member
Have we got any accountants on the board, I'm no good at the above sort of stuff. Yes I know.............stupid!
morty
Moderator
Staff member
Best I can work out is that we are in theoretical profit. We're just down, but owed 55m in staggered transfer payments. Which levels out at a 20 million something profit overall, after losing approx 30m due to Covid. Fairly decent shape, all things considered, but we would have been screwed were it not for selling Emi, Jamal, and Godfrey. But thats what we do, thats the model.
Fenway Frank
Well-Known Member
There will be a lot of clubs in far worse positions than us
L
lee5643
New Member
Posted on Norwich City reddit earlier this week - finances for last 10 year analysed
morty
Moderator
Staff member
I certainly wouldn't bet on Sara being still here at the start of the season...