Norwich City announce £13.5m profit

Norwich announce £13.5m profit
© PA Photos
Norwich City announce a first profit in three years of £13.5m thanks to a £50m increase in revenue.

Norwich City have revealed a profit for the first time in three years thanks to a £50m increase in revenue since their Premier League season in 2005.

The accounts cover the financial year up to May 31, 2012 and show that the club made a post-tax profit of £13.5m.

Canaries chairman Alan Bowkett said that the Norfolk club was planning for another year in the Premier League.

"We are very pleased with these sets of results because it is just another step for us to take to achieve our objective to become a self-sustaining, established Premier League club," he told the Eastern Daily Press.

"Once we have paid off all our debt, we run our football club as a mutual co-operative, all excess cash then, which used to pay down debt, can go into our football budget."

Norwich, who have yet to win a Premier League game this term and find themselves in the bottom three, welcome Arsenal to East Anglia this evening.

Paul Lambert
Read Next:
Lambert: 'Norwich are suing me'
>
You May Like
Recomended from Sports Mole

Loading ...

Failed to load data.

Tables
TeamPWDLFAGDPTS
1Wolverhampton WanderersWolves27195350203062
2Derby CountyDerby27157544232152
3Cardiff CityCardiff27155740251550
4Aston Villa27138639241547
5Bristol City2813874033747
6Sheffield UnitedSheff Utd27134104031943
7Leeds UnitedLeeds27134103729843
8Fulham2711974034642
9Middlesbrough27125103527841
10Preston North EndPreston27101163127441
11Brentford27101074135640
12Norwich CityNorwich28117102831-340
13Ipswich TownIpswich27123124039139
14Queens Park RangersQPR2789103137-633
15Nottingham ForestNott'm Forest27102153343-1032
16Millwall27710102930-131
17Sheffield WednesdaySheff Weds27710103034-431
18Reading2778123035-529
19Barnsley2769122737-1027
20Hull City27510123944-525
21Bolton WanderersBolton2767142545-2025
22Burton Albion2766152146-2524
23Birmingham CityBirmingham2765161538-2323
24Sunderland27410132947-1822
Login, I already have my ad-free pass
Log in with Facebook to customise Sports Mole
Buy ad-free access (show me the options)
Buy monthly ad-free access for £1.20/month
Buy yearly ad-free access for £12 (2 months free)
Settings - Logout - Manage your account
Settings - Logout - Manage your account