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The Canaries have revealed their first profit in three years as a result of a huge increase in revenue following their return to the top flight of English football

Norwich City have announced profits of £13.5 million following their return to the Premier League.

The club's accounts show that revenue has risen from £23.21m in 2011 to £74.3m, mainly down to the increase of funding that comes with top flight status.

Norwich also revealed they hope to be debt-free by the end of the season with chairman Alan Bowkett saying that the club are preparing for another year in the top flight.
"We are very pleased with these sets of results because it is just another step for us to take to achieve our objective to become a self-sustaining, established Premier League club,"

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"We are very pleased with these sets of results because it is just another step for us to take to achieve our objective of becoming a self-sustaining, established Premier League club," he told Eastern Daily Press.
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"Once we have paid off all our debt, we can run our football club as a mutual co-operative, all excess cash then, which used to pay down debt, can go into our football budget

 "We are planning to be in the Premier League next year because the finances and the management of the club have gone better than we planned and that's thanks to all employees; management and football."

The Canaries have yet to taste victory since returning to the Premier League and welcome Arsenal on Saturday afternoon having lost their last three league games in a row.


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