Date: 24th January 2010 at 2:19pm
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The club have issued a statement strongly denying today’s News of the World story, and confirmed they will be seeking damages.

The paper claim that the Canaries will enter administration by Thursday if major new investment is not found, and that Ernst Young and KPMG have been approached as potential administrators.

The statement, from Chief Executive David McNally, reads:

‘The story in the News of the World is completely untrue. As far as the Club is concerned we consider the story is defamatory and accordingly we have placed the matter in the hands of our solicitors, and will be pursuing for damages.’

Chairman Adam Bowkett commented: “In all my years in working in corporate finance I have never read such tosh and complete fabrication. The News of the World will be hearing from our lawyers and we look forward to claiming substantial damages.”

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