| Any financial gurus on here able to throw some light on …. on 13:28 - Jun 16 with 4040 views | MVBlue |
17 years ago our fans revelled as Marcus Evans took over and the Canaries plummeted.
Then we stuttered on into a dark era and Norwich ascended.
Now we are in the promised land and they are in the red.
We can forget then somewhat, they are not in good shape though. |  |
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| Any financial gurus on here able to throw some light on …. on 13:33 - Jun 16 with 3993 views | bluefunk |
I’m no expert, but £109m falls due for payment within 12 months, the operating loss widened by £10m and if the fall in turnover of £58m from 2022 is repeated then they’re going to have to find some cash from somewhere. |  | | |
| Any financial gurus on here able to throw some light on …. on 13:35 - Jun 16 with 3970 views | ArnieM |
| Any financial gurus on here able to throw some light on …. on 13:33 - Jun 16 by bluefunk |
I’m no expert, but £109m falls due for payment within 12 months, the operating loss widened by £10m and if the fall in turnover of £58m from 2022 is repeated then they’re going to have to find some cash from somewhere. |
A fire 🔥 maybe ?? 🤔 |  |
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| Any financial gurus on here able to throw some light on …. on 14:00 - Jun 16 with 3815 views | flykickingbybgunn |
As with all company account s there is a lot of repeating. But from what I can see they lost £18m in the year to 2022 and £27m in 2023..
Tv pay ments went from £100m+ to £50m. These will have reduced again in 2024 and will be much smaller next year.
Expect more severe losses in the year to June 2024.
It seems it's all going south up north.
It could not happen to a better club.
Finally I need counselling after having to stare at all that yellow and green. It could do with a nice injection of Royal Blue .... |  | | |
| Any financial gurus on here able to throw some light on …. on 14:22 - Jun 16 with 3661 views | rodney76 |
| Any financial gurus on here able to throw some light on …. on 13:28 - Jun 16 by MVBlue |
17 years ago our fans revelled as Marcus Evans took over and the Canaries plummeted.
Then we stuttered on into a dark era and Norwich ascended.
Now we are in the promised land and they are in the red.
We can forget then somewhat, they are not in good shape though. |
I no more understand those accounts than I did our own, but their fixed assets are a solid figure.
All clubs in the Championship lose money to a greater or lesser extent (wages) and overcome it by selling their prized players.
The term "Promised Land" gets me. The PL is anything but. Purchases, wages and bonuses eat that money up at a record pace.
A lot of the current expenses of Town are down to infrastructure, but this is only an expense necessary to comply with Premier League requirements and doesn't exactly add to attendance or income.
Already we are committed to a manager costing £6m per year, and we don't know what promotion bonuses wages wise the current playing staff will benefit from.
Posters on here suggest buying £20m+ players with £20m players style wages and £20 million style attitudes to upset the apple-cart. (There's usually one.)
I'm one of those who would prefer a more softly-softly Luton style approach rather than a debt-laden Forest approach. The current staff with a few sensible additions and McKenna now intact might well be enough.
Spend multi-millions and fail, and the club will be left with a millstone around their necks that render parachutes a pittance. One highly paid dud is enough. [Post edited 16 Jun 2024 14:31]
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| Any financial gurus on here able to throw some light on …. on 14:28 - Jun 16 with 3608 views | Illinoisblue |
| Any financial gurus on here able to throw some light on …. on 14:22 - Jun 16 by rodney76 |
I no more understand those accounts than I did our own, but their fixed assets are a solid figure.
All clubs in the Championship lose money to a greater or lesser extent (wages) and overcome it by selling their prized players.
The term "Promised Land" gets me. The PL is anything but. Purchases, wages and bonuses eat that money up at a record pace.
A lot of the current expenses of Town are down to infrastructure, but this is only an expense necessary to comply with Premier League requirements and doesn't exactly add to attendance or income.
Already we are committed to a manager costing £6m per year, and we don't know what promotion bonuses wages wise the current playing staff will benefit from.
Posters on here suggest buying £20m+ players with £20m players style wages and £20 million style attitudes to upset the apple-cart. (There's usually one.)
I'm one of those who would prefer a more softly-softly Luton style approach rather than a debt-laden Forest approach. The current staff with a few sensible additions and McKenna now intact might well be enough.
Spend multi-millions and fail, and the club will be left with a millstone around their necks that render parachutes a pittance. One highly paid dud is enough. [Post edited 16 Jun 2024 14:31]
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We’ll need to be more ambitious than Luton to stay up. But agree that it would be madness to go the Forest route. Expect we’ll do something that sits somewhere in the middle of those two approaches. Couple of big money signings and some shrewd frees and loans. |  |
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| Any financial gurus on here able to throw some light on …. on 14:47 - Jun 16 with 3457 views | Illinoisblue |
| Any financial gurus on here able to throw some light on …. on 13:35 - Jun 16 by ArnieM |
A fire 🔥 maybe ?? 🤔 |
Could probably get a couple hundred quid for Gunn. Maybe a set of tracksuits too. | |
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| Any financial gurus on here able to throw some light on …. on 15:08 - Jun 16 with 3335 views | rodney76 |
| Any financial gurus on here able to throw some light on …. on 14:28 - Jun 16 by Illinoisblue |
We’ll need to be more ambitious than Luton to stay up. But agree that it would be madness to go the Forest route. Expect we’ll do something that sits somewhere in the middle of those two approaches. Couple of big money signings and some shrewd frees and loans. |
Agreed. I did say a 'more softly, softly approach like Luton,' not total.
There is a truism often said about the English football transfer market and that is "some you win, some you lose."
I don't swallow this McKenna being able to turn water into wine sentiment. He might well have established himself as of the best young coaches in the country, but he is no Svengali.
Some expect too much from him. Players come in a variety of sorts, and the higher they are up in the hierarchy the more difficult they can be.
He will do his utmost to keep that apple-cart steady, that's been the basis of his success so far.
He and his team put as much effort into selecting the right character as they do selecting the seemingly right player. | | | |
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| Any financial gurus on here able to throw some light on …. on 16:16 - Jun 16 with 3042 views | ElephantintheRoom |
Their losses are more or less the same as Town’s over the last two years - sort of depends how you look at these accounts, which are more or less as meaningless as Town’s.
Maybe their new owners are in the added value business too - and this loss making operation has trebled in value mysteriously | |
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| Any financial gurus on here able to throw some light on …. on 18:32 - Jun 16 with 2646 views | ArnieM |
I suppose the one major difference is that one club is going upwards, and all that entails in terms of income, tv money, global exposure, attractive for better players incoming, compared to the other club going downwards, and the complete reverse of all situations…. | |
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| Any financial gurus on here able to throw some light on …. on 19:55 - Jun 16 with 2418 views | NthQldITFC |
| Any financial gurus on here able to throw some light on …. on 16:16 - Jun 16 by ElephantintheRoom |
Their losses are more or less the same as Town’s over the last two years - sort of depends how you look at these accounts, which are more or less as meaningless as Town’s.
Maybe their new owners are in the added value business too - and this loss making operation has trebled in value mysteriously |
Nice. An optimistic post. Oh... |  |
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| Any financial gurus on here able to throw some light on …. on 22:33 - Jun 16 with 2218 views | waveneyblue |
| Any financial gurus on here able to throw some light on …. on 16:16 - Jun 16 by ElephantintheRoom |
Their losses are more or less the same as Town’s over the last two years - sort of depends how you look at these accounts, which are more or less as meaningless as Town’s.
Maybe their new owners are in the added value business too - and this loss making operation has trebled in value mysteriously |
Are you out of therapy now ?
Promotion must have been horrible for you |  | | |
| Any financial gurus on here able to throw some light on …. on 22:40 - Jun 16 with 2174 views | xrayspecs |
Their finances are a mess.
They borrowed against both their second year parachute payment and monies owed to them from transfer sales last summer.
They owe Norfolk holdings circa £40m but haven't published the details of the loan. Other loans to the same group were costing 11%pa interest.
They are £96m in debt - albeit sone of that will be repaid when monies for transfers and second parachute payment have arrived.
Delia and hubby had to go to Attanasio (Norfolk Holdings) to get him to bail them out. He has effectively bought 40% of the club for net £8m investment. They cannot afford to repay him, so at some point he will call in their shares to settle the debt.
There are some interesting rumours among Nodge fans about how Attansaio is making money out of seeking investors in the cub in return fr a share of transfer profits. So the monies invested help to fund player transfers but (at least some of) the profits are siphoned off and given to the investors.
They do seem to be spinning financial plates and will clearly need to both sell better players and slash wage bill this season. They do have some saleable assets tbf. | | | |
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