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Canaries consider Carrow Road expansion as part of 'self sufficient' plans

Norwich City Football Club chairman Alan Bowkett has said the club will aim to be self sufficient after failing to find a suitable investor for the Npower Championship side.

With debts of around £20m the Canaries had been on a worldwide search to find businesses interested in backing the club but at the club’s annual general meeting Bowkett revealed none of the parties could offer the assurance needed.

"We approached 52 potential investors around the world," Bowkett said.

He added: "Europe, Russia, the Middle East, the Far East, the US and the UK. We had some expressions of interest, but when you asked ‘could you please verify you have funding’, no one passed the test.

"There is no one out there we know of with real money in their pockets.

"There are people out there with lots of promises, but I like to see the colour of the money before we do any deals."

As part of the plans to help self sufficiency chief executive David McNally said the club aim to expand their Carrow Road stadium to increase the capacity from 27,000 to 35,000 with the club currently averaging gates of 25,277.

McNally said: "Knowing there is no new investment we have to make this club self sufficient.

"We have to stand on our own two feet. In order to do that in the Premier League we would need a capacity of around 35,000."

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