MX23RW : Friday, January 10 07:24:50| >> :120:70193:70193:

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: cacheID:272929:1false2false3false:QQ:: from db desktop :LenBod:restore:2164:
Written by
Liam Apicella
Restore Data
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'
>
Read more about Michael Bailey Football
rhs 2.0
Today's games header
Tables header RHS
TeamPWDLFAGDPTS
1Leeds UnitedLeeds26158348192953
2Burnley26141023192252
3Sheffield UnitedSheff Utd26166436171952
4Sunderland26148439221750
5Middlesbrough26118743321141
6West Bromwich AlbionWest Brom26913432211140
7Blackburn RoversBlackburn2511682823539
8Bristol City2691073330337
9Watford25114103536-137
10Sheffield WednesdaySheff Weds2610793840-237
11Norwich CityNorwich269984337636
12Swansea CitySwansea2697103030034
13Queens Park RangersQPR2671182934-532
14Millwall257992423130
15Preston North EndPreston2661282834-630
16Coventry CityCoventry2678113437-329
17Oxford UnitedOxford Utd2577112840-1228
18Derby CountyDerby2676133135-427
19Stoke CityStoke2669112432-827
20Luton TownLuton2674152744-1725
21Portsmouth2458113041-1123
22Hull City2658132536-1123
23Cardiff CityCardiff2558122540-1523
24Plymouth ArgylePlymouth2548132453-2920


Sports Mole provides in-depth previews and predictions for every match from the biggest leagues and competitions in world football.
Argentina's Lionel Messi kisses the World Cup trophy after collecting the Golden Ball award on December 18, 2022Sign up for our FREE daily preview newsletter direct to your inbox!