Norwich promise to bounce into profit in 2020 after massive loss

5 November 2019

Photo: Getty Images Norwich City's owners, Delia Smith and Michael Wynn-Jones, surely accept a big loss in a season ending up with promotion to the Premier League.

COO Ben Kensell talks to about club’s latest annual accounts.

End of parachute payments hits club in challenging year but promotion secures Premier League revenues and picture looks rosy for next year.

Club is maintaining prudent approach after financial mistakes of the past.

Norwich City’s chief operating officer Ben Kensell says the club will "stick to the plan", despite posting a £38 million operating loss.

The club’s annual accounts to June 2019 released today underscored the costs of securing promotion to the Premier League; 2018-19 was the club’s first in eight years without any parachute payments from the EPL. Turnover plummeted from £61.7 million in 2018 to £33.7 million.

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