Financial Overview
Year |
Turnover |
Pre-tax profit |
Wages / Turnover ratio (%) |
Employees |
2007/08 |
18.960 |
-2.772 |
71.7 |
210 |
2006/07 |
23.771 |
0.627 |
60.4 |
208 |
2005/06 |
24.737 |
3.065 |
62.1 |
214 |
2004/05 |
37.425 |
9.166 |
45.2 |
201 |
2003/04 |
13.928 |
-3.265 |
87.5 |
185 |
2002/03 |
12.965 |
-4.681 |
77.1 |
170 |
2001/02 |
15.271 |
0.440 |
54.2 |
167 |
2000/01 |
9.391 |
0.976 |
86.4 |
162 |
1999/00 |
7.696 |
-0.754 |
88.7 |
143 |
1998/99 |
6.236 |
-2.966 |
91.6 |
109 |
1997/98 |
6.910 |
0.600 |
65.5 |
96 |
1996/97 |
6.271 |
-1.176 |
61.1 |
90 |
1995/96 |
6.530 |
0.224 |
|
106 |
1994/95 |
7.855 |
1.111 |
|
|
1993/94 |
9.477 |
0.863 |
|
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Average Match Attendances since 1994/95
(domestic league matches only)
Archived Articles on Norwich City FC
Fiery AGM at Norwich - 16/11/2008
Nearly 440 fans attended the annual general meeting of Norwich City FC and remarks made by Delia Smith attracted a subsequent clarification from would-be investor Peter Cullum...
Canaries' Troubles Are All Too Typical - 21/09/2008
The financial problems being encountered by Norwich City have their own specific local causes, but they are also typical of the challenges being faced by many lower league clubs...
Norwich City Up For Sale - 03/09/2008
Norwich City FC has effectively been put up for sale by majority shareholders Delia Smith and her husband Michael Wynn Jones...
Canaries Offer May Not Be Enough - 01/07/2008
Former Norwich City Boys player Peter Cullum has made a £20m offer to joint majority shareholders Delia Smith and Michael Wynn Jones. Cullum is ranked in the top 40 of Britain's rich list. He insists he has not been seeking a hostile takeover, although the deal, if accepted, would effectively see him take control of the club. Analysts consider that a club with ambitions to get back into the Premiership should be worth more than £20m. It is also unclear what would happen to the club's debt.There may also be other investors waiting in the wings. Norwich fans are concerned that any uncertainty could disrupt the club's preparations for the new season.
2006/07 Results for NCFC Released in September 2007 - 11/12/2007
Norwich City Football Club finances were heading into a "challenging" period after profits fell from £2.4m to £100,000 despite £8.4m from the Football League and Premier League 'parachute' payments given to relegated clubs. However, the latter ended season 2006/07, leaving Norwich facing a reduction of £7m in their income for 2007/08. "We are now in an extremely challenging position," said Norwich City's chief executive Neil Doncaster. "The environment for clubs, like ourselves, who are trying to compete with in the Championship without these parachute payments is very difficult indeed." NCFC turnover was posted at £23.8m, while gate receipts increased by £100,000 to £7.7m due to increased season ticket revenue. Profit on player trading fell from £6.2m to £2,5m, but wage bill for the squad was cut by £1.6m.
2005/06 Accounts Released at NCFC's AGM Show Immense Cost Of Relegation From Premiership - 11/12/2006
At the end of 2005/6. Turnover fell from £37.4m to £24.7m (largely due to £12.1m drop in income from Premier League and Sky), gate receipts fell by £200,000 (fewer away fans in the Championship than the top flight) and commercial sales (mainly in the club shop) dropped by £1.3m. Overall debt was reduced from £0.5m to £19.2m, which is largely comprised of a £15m "securitisation" loan taken out in 2004 to bring the club's debts together. Chief executive Neil Doncaster said: "In the year covered by these accounts, and despite a £7m parachute payment, the club's cash position worsened by £1.5m." He said the club's financial position was "stable", despite the large debt, which he said was "structured and manageable".
Norwich Prepare For The Premiership - 09/04/2004
With promotion to the Premiership looking increasingly likely, the Canaries are making sure that their financial house is in order...
A 2002 share offer changed the status of the club from Norwich City Football Club Limited to Norwich City Football Club plc.
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