Five takeaways from Norwich City’s latest accounts

Norwich City has published its annual financial report for the year ending June 30, 2026, revealing an operating loss of £13.3 million. Despite bringing in group turnover of £40.3 million and generating £45.9 million in profit from player sales, the Championship side experienced an underlying operating loss of £42.3 million before player trading, driven by sharply rising operating costs.

Total operating costs escalated to £99.8 million, with staff costs jumping to £57.9 million. Major outgoings included the sales of Josh Sargent to Toronto FC for over £20 million, alongside departures of Jonathan Rowe and Borja Sainz, while squad reinvestment saw £42.9 million added to player registrations for signings like Mathias Kvistgaarden.