Good news came yesterday though as the deal to sell the land to Taylor Woodrow was completed. The deal sees the fee being paid to Norwich in instalments for the next two years.
Canaries chief executive Neil Doncaster said: “We are delighted to have completed the sale of the residential land after months of complex negotiations. The sale of the land is crucial to the club's finances over the next two years as the club continues to battle with ongoing losses.
“The board took a calculated gamble when the club signed three quality strikers in December – a gamble that relied heavily on successfully concluding negotiations for the sale of the land as well as, of course, on a successful share offer which supporters responded to in such a marvellous fashion.
“We are extremely grateful to our team of property advisers, particularly Paul Collins of Collins Commercial, Eversheds Solicitors and Carpenter Planning Consultants, whose patient hard work and wise advice over the past three years has enabled the club to maximise the value of its riverside land.”
Following the gamble in signing three quality strikers in December - Darren Huckerby, Leon McKenzie and Matthias Svensson - this deal was crucial to the club's finances and the Norwich board are said to be 'delighted' that the deal has been clinched.
This is very good news for everyone connected with the club. It certainly eases any financial worries we may have had and sets the club up nicely ready for our promotion run in.
On the ball..........
Keep The Faith