Well-informed local sources have denied claims that Norwich City are in a financial crisis. Of course, any relegation is going to be accompanied by some players being released and I would expect the Canaries to have clauses in players’ contracts that reduce their salaries in the event of relegation.
Well-informed local sources have denied claims that Norwich City are in a financial crisis. Of course, any relegation is going to be accompanied by some players being released and I would expect the Canaries to have clauses in players’ contracts that reduce their salaries in the event of relegation.
It is particularly disappointing to be relegated when there is about to be a big boost in Premier League income, but parachute payments have been enhanced. Norwich have been prudently run and have a solid support base as a ‘stand alone’ club. Although they do not have owners with deep pockets, they can expect to be in contention for promotion next season.