Norwich's Financial Loss from Man City
Norwich City could have suffered a £43.8 million financial hit as a consequence of Manchester City's rule breaches, according to new analysis of their impact on the Premier League.
This figure relates largely to Norwich's 18th-place relegation during the 2013/14 season, combining the projected cost of losing Premier League status with the additional merit payments the Canaries might have received by finishing higher.
Impact of Relegation on Norwich City
Analysis conducted by BBC Sport has attempted to quantify the potential financial consequences for clubs affected during the period, taking into account lost league placing money, missed European earnings, and the cost of relegation.
Norwich's relegation in 2013/14 accounts for £39.8 million of that £43.8 million figure. BBC Sport calculated that remaining in the Premier League would have been worth £64.9 million to the Canaries the following season, compared with the £25 million they received in parachute payments following relegation.
Manchester City's Rule Breaches Explained
The verdict on Manchester City has sent shockwaves through English football after an independent commission found the eight-time champions guilty of serious breaches of Premier League financial rules during a nine-season period between 2009 and 2018.
Manchester City continues to deny wrongdoing and has announced their intention to appeal, arguing that they have 'a comprehensive body of irrefutable evidence' that proves their innocence. Any sanctions will come after the next stage of the process and would be decided by an independent commission.
For more details, visit The Pink'un.