Norwich City Football Club plc


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Norwich City Football Club plc

Notes:

2006/07 results for the club released in September 2007 showed that 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 ends this season, 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.

Turnover and pre-tax profit figures are in millions.

Website: www.canaries.co.uk

Financial Overview

Year

Turnover

Pre-tax profit

Wages / Turnover ratio (%)

Employees

2006/07

23.771

0.627

208

2005/06

24.116

3.065

62.1

214

2004/05

37.426

9.166

45.2

201

2003/04

13.928

-3.265

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

Average Match Attendances since 1994/95

Norwich City FC spectator numbers graph

(domestic league matches only)

Archived Articles on Norwich City FC

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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