Norwich City’s Annual General Meeting between the Board of Directors and shareholders took place at Carrow Road on Wednesday evening.
The formal business of the AGM was completed and saw Delia Smith and Michael Foulger re-elected to the board.
BDO were also re-elected to serve as independent auditors of the finances of Norwich City Football Club.
Chairman Ed Balls, Sporting Director Stuart Webber, Managing Director Steve Stone, Head Coach Daniel Farke, and Director of Finance and Company Secretary Ben Dack were also in attendance.
Stone outlined the key financial strategies for the year ahead including the impact of player trading and potential loss of parachute payments. Balls then spoke on behalf of the Board about the restructuring of the Club to create long-term stability.
You can view the slides explaining the financial situation HERE.
The meeting then opened up for a Q&A with questions from the shareholders in attendance.
Topics covered included, but were not limited to:
- More emphasis on smart player recruitment
- Improving the pipeline from Academy to the first-team to ensure the long-term stability of the Club while giving Norwich City the best chance of promotion
- Recognition from the Board that they made mistakes last season
- Revenue forecast for the 2018-19 season
- Compensation paid to former Chief Executive Jez Moxey and coaching staff
- Recent performances on the pitch
- Lowering the average age of the squad
- Tactics, formations and long-term philosophies on the pitch
- Atmosphere, and ways to improve it at Carrow Road
- The development of young players in the Academy
- Ensuring attendances remain robust at Carrow Road
- Strategies to improve fan engagement
- No financial necessity to sell players in January
- The importance of continuing to work closely with the local community, highlighting the work of the Community Sports Foundation
- The price of season tickets
- Safeguarding procedures and ensuring all incidents are robustly dealt with