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Norwich chief executive optimistic over Canaries debt

Norwich chief executive David McNally is looking to the future following a "constructive" AGM at Carrow Road this week over the clubs finances. 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.

McNally told the club's official website: "This was a really constructive meeting I thought, the feedback from shareholders has been very positive.

"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."

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.

"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."

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