Unnecessary transfer activity

A new blog offering commentary on all things Norwich City FC from a proud "citizen journalist". I will criticise or praise our team without fear or favour. And abuse nurses if I'm in the mood because I am that sort of person.

Sunday, August 13, 2006

Time for a change?

I have called before for a change of Chief Executive - specifically wanting one from an accountancy background - and this week's Neil Doncaster column in the EDP provides further me with further cause for concern.

In respect of the Jarrold stand Mr Doncaster now says:

"After the securitisation (which paid for the Jarrold Stand, as well as paying off short-term debt and covering our losses for the year)..."

http://www.canaries.premiumtv.co.uk/page/News/FirstNewsDetail/0,,10355~879749,00.html?

This is worrying because he previously thought we were paying for it in an entirely different fashion:

"The cost of building The Jarrold Stand and infill will be met through revenues generated by development of other land we own in and around Carrow Road, including residential development on land behind the Norwich and Peterborough Stand and the building of a new four-star hotel in the corner between the Barclay Stand and The Jarrold Stand."

http://www.canaries.premiumtv.co.uk/page/SouthStandDetail/0,,10355~346251,00.html

So why the change?

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