Norwich chief optimistic on finances

03 February 2010 14:38
The Canaries are working hard to reduce their £22.9million debt and have appointed professional advisors Deloitte to help the club consider what options are available.[LNB]McNally told the club's official website: "This was a really constructive meeting I thought, the feedback from shareholders has been very positive.[LNB]"Clearly the financial challenges that we're having to face up to are real, they are there but at least they are transparent and out in the open - especially the chairman's piece when he shared with shareholders where the money has all gone over the last six years was very informative, so we've had some good feedback."[LNB]The club are trying to find ways of reducing their £22.9million debt and McNally added: "Absolutely we do need some new investment coming into the club, whether it's partial or complete or some kind of bond issue or share issue and there are a myriad of other ways of bringing in investment into the Football Club.[LNB]"Deloitte have been charged with coming up with a variety of options and as a Board we'll debate those and decide which route to follow."[LNB][LNB]

Source: Team_Talk