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Challenges for Norwich off the pitch

Norwich City may be doing well on the pitch, but like all clubs outside the Premier League they face financial challenges off the pitch: Challenges for Championship leaders

City’s income dropped to £63.7m in the latest set of published accounts, to June 2018, and with top flight parachute payments now at an end the forecast is for a negative cash position by the end of the current year.

The state of the club’s finances was laid bare at the annual general meeting, with a forecast £21.3m loss in 2018/19 and, with the end of parachute payments, a drop of £34.8m in income, down to £28.9m. The £16.1m cash surplus position at the end of 2017/18 is also forecast to drop to £5m in the red, but shareholders were told that was 'well within the working capital facility of the club’s bank': Delia Smith's pledge

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