Norwich City chief David McNally says they won't live beyond their means - despite being flush with Premier League money.

McNally insists the board will continue their cautious approach and never gamble with the club's finances and risk future instability.

He said in the Eastern Daily Press: "It's our job to try and back Paul Lambert and Ian Culverhouse as much as we possibly can, within the parameters of what we have.

"We won't gamble on the club's future - we don't have the right to do that. The football club is owned by the supporters in effect, so we won't gamble with money we don't have.

"Equally with the current economic outlook that we are all having to recognise - we will look back at these as some dark days and austere times - you have to ensure that you live within your means, and that's it."