Date: 1st November 2017 at 9:17am
Written by:


Norwich City have announced their accounts up to 30th June and they show a £2.7m post-tax loss with a £25m drop in income.

The key points are that the club spent £4.3m in severance packages for 15 members of staff in that period, with the most high profile and likely costly, being former CEO Jex Moxey and manager Alex Neil.

Moxey received £700k, which seems crazy for the short period of time he was here, with the club keeping Neil`s severance package confidential.

The club still have no external debt but, with parachute payments set to finish after this season, next year looks a bit thin.

You can read the full accounts and read more about this by clicking on the link to visit canaries.co.uk



OTBC

 
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