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Norwich City break through revenue barrier

Despite the impact of Covid (listed at £12.7m) Norwich City generated revenue exceeding £100m for the first time in their history in 2019/20. The accounts cover a 13 month period rather than 12 the previous season. There was a £2.9m profit before tax compared to a loss before tax of £39.4m over the previous period.

Commercial income at Norwich impressive compared to peer group. Benefitted from catering (£4.6m) and sponsorship up from £3.3m to £10.3m.

Benefits of being in the Premier League highlighted as broadcast income for Norwich up from £9m to £92m. Would have been higher had rebates not kicked in to broadcasters for Covid. Huddersfield finished bottom in 2019 but earned £12m more from TV than Norwich last year.

Norwich wages hit record £89m, up 74% on previous year They represented 75 per cent of turnover.. The average wage for a first teamer was £34,400, compared to £28,000 the last time the club was in the Premier League. Whilst Norwich wages higher than some other Premier League clubs the figure does cover a 13 month period.

The club has spent £12.2m on infrastructure at Carrow Road and the training ground.

The club makes its informative full report available here: https://files.canaries.co.uk/canaries/ARG2020.pdf

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