Norwich City FC Chairman Alan Bowkett. Picture: James Bass.
Norwich City accounts: the facts
By David Freezer
Saturday, October 20, 2012
10:55 AM
The headline figures from Norwich City’s financial report, which the club has published today.
Norwich City announces its annual financial report today, with chairman Alan Bowkett pledging the club will be playing Premier League football next year.
Buy today’s Norwich Evening News and Eastern Daily Press for more detail and analysis of the figures.
Revenue up to £74.3m, from £23.1m in 2011.
TV revenue up to £48.5m, from £5.5m in the Championship.
Highest ever after-tax profit of £13.5m.
External debt reduced to £11.3m.
Spare £12.4m reinvested into player transfer fund for 2012-13 season.
Gate receipts and ticket sales up to £11.3m, from £8.1m back in 2011.
Staff wages rise to £29.6m, up from £16.1m in 2011.
Money owed to directors remains unchanged: Delia Smith and Michael Wynn-Jones still owed £2.1m; Michael Foulger still owed £1.4m.
Player transfers since May 31 2012 amount to £9.9m: Includes the signings of Michael Turner, Sebastian Bassong and Alexander Tettey. A maximum of £3.4m could still be due, depending on club and player performances.
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6 comments
Anyway, all McGnarly has to do is put the price of pies up to £10 (filling £3 extra), tea £5 and programmes £12,50. Fiscal prudence rules OK, Bless Her.
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Mad Brewer
Sunday, October 21, 2012
TBbadgerbilly cannot spell "coming" either, Citizen. I think he`s a Leeds "supporter" and we know what they`re like. Hope the FA hit the SA vile Row mob with a big fine and points deduction. A ban on Leeds fans away would also mean we`d never have to see that baying pack of low-lifers in our Fair City again.
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Mad Brewer
Sunday, October 21, 2012
Clearly great news but highlights the obscene difference between revenues of the top 2 divisions and the need for us to stay up. This season needs to get started asap.
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Barry Rasberry
Saturday, October 20, 2012
You beat the that one billy. Relegation will soon wipe out those profits. Just hope we are wrong.
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Tone the moan
Saturday, October 20, 2012
This is all good news, getting the debt down is vital. Not sure what youre on about billy, perhaps you ought to concentrate on your own team's performance. Pity you cant spell pity!
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CanaryCitizen
Saturday, October 20, 2012
Next seasons TV deal is so big, they can half ticket prices and still have the same money comming in, Pitty be then they will be in the Championship
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billythebookie
Saturday, October 20, 2012