NORWICH Chairman Roger Munby spoke to press at Carrow Road after today's announcement that Andrew and Sharon Turner had resigned as Board members and paid tribute to their contribution since joining in May 2007.

Munby said there were three key points he wished to comment on regarding the implications of the Turners' departure: "It means three things. One, they were due to put a further £1.5m into the Club's finances this year and we won't get that. Secondly, they already have put two-and-a-half million pounds in since May 2007, when they arrived. That is not to be repaid anytime soon and it carries no interest and we're immensely grateful for that.

"Thirdly, they have conducted and led, as fresh executive minds can do, a root and branch evaluation of the Club's revenues and costs. We have a revolutionary prescription.

"We retain the strategy, we retain the principles, and the Board now needs to work through with executives in each of the functions around the Club, as well as Colney, the implications of the strategy. Given that there is £1.5m of cash which is now not coming, that process becomes the more pressing and we need to get as much as we can out of the current financial regime at the Club."

Asked whether he knew the reasons for the Turner's departure, the City Chairman answered: "I don't, and I wouldn't for a moment dream to speculate. They are the only people that you can ask about that. There has been no bust-up, there are no doubt private reasons for a couple who came to us enthusiastically and who have supported the Club for many years, and it will certainly be a huge disappointment to them."

Munby was asked about the potential impact of today's new on the money available to Glenn Roeder for his playing budget, and replied: "The challenge is to go along with not having money that you expected to have . Saying that, the Club is not immediately embarrassed for cash. During the course of the transfer window, the talent of Sibierski is witness to the fact that we know what we're doing in budgetary terms for the squad and Glenn is with us on that."

"Some people have suggested that the Club might be close to administration, which is just not the case. It's great having the chance to reassure fans that we are miles away from any prospect like that, it would have to be a series of on-going disasters to get us anywhere near that.

"The Board must continue the diligence with which we approach revenue and development, cost reduction and to support Glenn in every which way. We must encourage and motivate the staff which Glenn has put together behind the scenes at Colney. We also need to be as close as possible to the fans, to engage with them on the joint venture of Norwich City Football Club."

With thoughts turning to the financial future of the Club, Munby confirmed the Board were actively working on bringing new funds in: "We are indeed in conversation with some potential investors, we'll continue that, but we're not under extreme pressure to offer knee-jerk reactions.

"We can allow things to take their proper course, so that we can come to a proper conclusion in everybody's interest."

In a message to Norwich fans, Munby made it clear that he wanted to put concerned supporters minds at rest.  "We haven't changed - the values and principles of the Club are as we have always said is that it is run in the interest of it's fans and the wider community. Our fans set the agenda - when you have 20,000 season-ticket holders, when you have 17,500 renewing their season tickets in March when they haven't a clue which division we'll be in, but they have the belief in the Club, that tells us complacency is the very last thing that anyone at this Club will tolerate."