Just over a week ago, fellow League One side Norwich City put out a series of press releases indicating that they were preparing to take legal action against the News of the World for allegedly libelling the Carrow Road club.
Yesterday in the midst of all the Deadline Day transfer news, Norwich confirmed that they have issued High Court proceedings against the paper claiming that the lowbrow tabloid had "failed to comply with the terms of the letter sent by our solicitors".
Given that one of the paper's claims was that the Canaries would go into administration by Thursday 28th January, and here we are on Tuesday 2nd February, it's difficult to understand exactly what the paper's defence will be.
In general terms though, it's fair to say that the Canaries do have a few questions that need answering concerning their finances. Thus the timing of their Shareholders' AGM tonight could produce a lively atmosphere, coming on the back of the libel action, and the publication of accounts that revealed they were £23 million in debt with the 2008-09 season posting a £5 million loss.
Shareholders will undoubtedly demand to know how such a trend can be reversed, and whether the club is prepared to put on the record a pledge not to sell their Carrow Road ground to a third party to raise revenue - something that Canaries Chairman Alan Bowkett has refused to rule out. If they do not reverse that trend, then the Canaries will reach a point where the 'A' word will have some merit behind it - just not on the date that a tabloid rag claims it will happen on.
Link: Canaries Threaten Lawsuit Over Sunday Paper Claims.
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