MX23RW : Monday, March 30 10:26:02| >> :600:135782:135782:

Conflicting reports on Norwich City's finances

Two contrasting reports emerge regarding the financial situation at relegated Premier League outfit Norwich City.

Mixed messages have been released this afternoon regarding the financial situation at Norwich City.

The Canaries are facing up to life in the Championship in 2016-17 following their recent relegation from the Premier League.

According to The Secret Footballer, the pseudonym of an alleged ex-Premier League footballer, the Carrow Road-based club are now in a "financial crisis" that will result in an "imminent fire sale of players".

"Norwich City are in financial crisis. I've heard there will be an imminent fire sale of players," he tweeted.

"They've lost main sponsors Aviva - who will become a Premier League official partner. The club's banking credit facility is maxed out.

"The owners won't be investing and there is a process underway to remove current owners before new foreign investors come in."

However, Eastern Daily Press journalist Michael Bailey, who covers the club closely, countered that viewpoint on the social networking site.

"You won't be seeing @NorwichCityFC dignify the Secret Footballer tweets with a comment, but it's complete garbage & rather ridiculous," he wrote.

"In fact for me, it probably raises more question marks over defamation rules and social media than the financial state at Carrow Rd."

As claimed by Bailey, Norwich are yet to publicly pass comment on the rumour.

ID:272929:

Click here for more stories about Michael Bailey

Click here for more stories about Norwich City

Share this article now:
Norwich City manager Alex Neil feels like he's headbutted a horse after his side are relegated from the Premier League despite a 4-2 win over Watford on May 11, 2016
Read Next:
Alex Neil: 'Norwich stay looks likely'
>
Latest Sports Video
Did you know...?
Sports Mole Logo
Enter your email address to subscribe to Sports Mole's free match previews newsletter! Updates are sent twice a week.
Read more about Michael Bailey Football

rhs 2.0
Live scores banner
Tables
TeamPWDLFAGDPTS
1Liverpool29271166214582
2Manchester CityMan City28183768313757
3Leicester CityLeicester29165858283053
4Chelsea29146951391248
5Manchester UnitedMan Utd29129844301445
6Wolverhampton WanderersWolves29101364134743
7Sheffield UnitedSheff Utd28111073025543
8Tottenham HotspurSpurs29118104740741
9Arsenal2891364036440
10Burnley29116123440-639
11Crystal Palace29109102632-639
12Everton29107123746-937
13Newcastle UnitedNewcastle2998122541-1635
14Southampton29104153552-1734
15Brighton & Hove AlbionBrighton29611123240-829
16West Ham UnitedWest Ham2976163550-1527
17Watford2969142744-1727
18Bournemouth2976162947-1827
19Aston Villa2874173456-2225
20Norwich CityNorwich2956182552-2721

Subscribe to our Newsletter


Transfer Talk Daily
Match previews - twice weekly
Morning Briefing (7am UTC)
Ultra close-up image of Kevin De Bruyne [NOT FOR USE IN ARTICLES]Get the latest transfer news, match previews and news direct to your inbox!