Norwich City might be in a financial crisis after relegation

It is believed that Norwich City is currently in a financial crisis and have put up their entire squad for sale.

According to some reports, the current owners Delia Smith and her husband Michael Wynn Jone are unwilling to invest any more money into the team as they look to sell the club to foreign investors.

In a statement released by the Norwich City board, the club has said that their priority is to find another chief executive. Indeed, McNally resigned last week as the chief executive of the club, and they will need to find another one that could help manage the day-to-day affairs of the club. There is also a decision to take on whether Alex Neil will remain as manager of the club following their relegation to the Championship. The statement did not provide any hints on whether Alex Neil will stay as the manager or not.

The statement thanked the supporters for their unconditional support during the season and also said that the board shared the pains of the relegation.

The board admitted that the club has failed to reach its objectives this season which was to secure their Premier League status. The statement said that work has already started in order to determine what went wrong this season so that corrective measures could be taken.

We will have to wait for the coming weeks to find out whether the rumors of financial crisis are real or not. New investors will certainly mean money coming in the club and could help in the purchasing of new players. However, the first decision that will need to be taken is whether McNally will stay as manager as the club. A new manager will certainly want to bring his own players as they look to get back up in the Premier League.

Norwich City And Its Lineup To The Finish

As of today Norwich City along with Sunderland and Newcastle are preparing for the countdown of Premier League to begin.

The faces of David McNally and Alex Neil as bosses of Norwich City portrayed a tense picture in the background. The season is coming to an end for Premier League participating teams. Norwich City faces major challenge and so do rivals Sunderland and Newcastle United. Many feel that finance and football are both decided by the fortunes at the Premier League. English football has become a gold rush from the time its popularity began in the nineties.

Today there are bookmakers, computer games and bets that go round and bring in money to the world of English football. Today fans are able to discuss football strategies and what they feel should be the fate of the participating teams. All this puts added pressure to the teams who come close to the finishing line. The battle is on as to who will get the final seat for Premier League’s next season. The two teams who slip into the Championship League will have a financial disadvantage when they try to get back to the top tier of the league. The league is one of the most watches games across the world and hence, the game players are promised huge amounts of wealth as well.

Norwich City has a recent charge over conduct by FA along with Sunderland. The match that as held at Carrow Road. The Premier League match that was held at Carrow Road saw the staff and the players of both teams confront each other. However, all that is water under the bridge as the real challenge comes forth for these teams. Fans will surely want the best for the team and look forward to the same in the forthcoming matches.