annual report is out for shareholders. it makes fairly grim reading
excluding player trading turnover of £40m lead to an Operating loss of -£42m
Revenue growth was marginal £39m to £40m
Wages are 144% of turnover (up from 122% year before)
Player trading resulted in £45m profit on sales up from £24m year before. ties in with our model.
Balance sheet has gone negative to net liabilities of -17m from net assets +4m year before
Owners loans are up a lot. £64m owed to Norfolk Holdings at year end up from £45m year before - net debt now £79m. Interest up to £10m from £8m previous year.
Survival of the club is well and truly in the Yanks hands now. Board acknowledges it may need some outside funding
The club has borrowed against future transfer income (a £4m loan)
Posted By: Tony Martin on November 6th 2026 at 16:02:05
Message Thread
- annual report is out for shareholders. it makes fairly grim reading (NCFC) - Tony Martin, Nov 6, 16:02:05
- This is worse than Claude thought (NCFC) - Kangol Canary, Nov 6, 19:34:58
- No expert but isn't the point of buying shares, kind of knowing you won't make money... (NCFC) - DrDublin, Nov 6, 17:50:34
- rather than thinking of buying shares in norwich city not as a financial investment (NCFC) - Tombs, Nov 6, 18:05:15
- That's my point Mr Tombs, shares go up an down. Do you have any shares? (n/m) (NCFC) - DrDublin, Nov 6, 18:35:27
- not in ncfc mate (NCFC) - Tombs, Nov 6, 18:53:08
- I know two millionaies in my life. One is my Landlady the other is my brother's best.. (NCFC) - DrDublin, Nov 6, 18:39:21
- but, is he happy though? (NCFC) - Tombs, Nov 6, 18:56:41
- I genuinely don't know the answer to that. He loves Hong Kong rather than London.. (NCFC) - DrDublin, Nov 6, 22:18:17
- but, is he happy though? (NCFC) - Tombs, Nov 6, 18:56:41
- That's my point Mr Tombs, shares go up an down. Do you have any shares? (n/m) (NCFC) - DrDublin, Nov 6, 18:35:27
- rather than thinking of buying shares in norwich city not as a financial investment (NCFC) - Tombs, Nov 6, 18:05:15
- If the yanks ever pull out then what? (n/m) (NCFC) - footymadman, Nov 6, 17:47:26
- It'd be a bit of a mess (n/m) (NCFC) - inutero, Nov 6, 18:00:23
- Jake Humphrey will have to buy us out (n/m) (NCFC) - footymadman, Nov 6, 18:49:52
- It'd be a bit of a mess (n/m) (NCFC) - inutero, Nov 6, 18:00:23
- Football sold it’s sold to the financial devil a long time ago (NCFC) - Nelsons final flanel, Nov 6, 17:15:03
- Sounds a bit like the country (n/m) (NCFC) - paulg, Nov 6, 17:04:08
- Nationalise us (n/m) (NCFC) - jamesward, Nov 6, 17:11:22
- Cant afford it (n/m) (NCFC) - paulg, Nov 6, 17:22:29
- Nationalise us (n/m) (NCFC) - jamesward, Nov 6, 17:11:22
- Get the blanket out at half time... (n/m) (NCFC) - BSE Canary, Nov 6, 16:39:08
- All rather sobering. We need a good old FA Cup Final run (NCFC) - Azteca, Nov 6, 16:32:42
- Including player trading, it's a £13m loss (NCFC) - Trent_Canary, Nov 6, 16:23:37
- Think losses allowed to be 33million over three seasons … (NCFC) - loz, Nov 6, 16:53:16
- clubsajoke (n/m) (NCFC) - Ken Dodds Dads Dog, Nov 6, 16:19:26
- Twas ever thus (n/m) (NCFC) - SCC 28, Nov 6, 16:23:50
- Come on Hugh, splash some cash! (n/m) (NCFC) - Jumbo1, Nov 6, 16:18:00
- and some fools thought we weren't splashing the cash. (n/m) (NCFC) - Henclrikus, Nov 6, 16:10:43
- Thinly veiled USA is a moron (n/m) (NCFC) - loz, Nov 6, 16:31:22
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