City officials have moved swiftly to deny a News of the World report this morning claiming the Canaries could be forced to enter administration as soon as this Thursday.
After the euphoria surrounding yesterday’s win over Brentford and City’s new status as League One leaders, supporters woke this morning with a crash back to earth.
The article stated that if Norwich could not find major new investors immediately, then they would have no alternative but to call in the administrators, with ‘financial experts’ Ernst Young and KPMG supposedly on hand to deal with the matter.
But as well as strongly refuting these claims, both chief executive David McNally and chairman Alan Bowkett have said that the club will commence legal proceedings and seek “substantial” damages.
“The story in the News of the World is completely untrue,” said McNally this morning on canaries.co.uk, as the club looked to nip this particular story in the bud sooner rather than later.
“As far as the club is concerned we consider the story is defamatory and accordingly we have placed the matter in the hands of our solicitors, and will be pursuing for damages.”
Bowkett was next up and it demonstrates the strength of feeling within the club that they were prepared to wheel out two senior officials so soon after the story broke.
You get the feeling that the News of the World are not going to be allowed to get away with this one.
“In all my years in working in corporate finance I have never read such tosh and complete fabrication.
“The News of the World will be hearing from our lawyers and we look forward to claiming substantial damages.”
So, for the time being at least, City supporters can breathe easily again. But it is worth remembering that with the club enduring tough financial times, as the latest set of accounts showed, stories like this will never be too far away, however much credence they hold.