EFL Squad Cost Ratio
How much can Norwich City spend?
Under the EFL's Squad Cost Ratio rules, Norwich City can spend
around £48.4m on squad
costs - based on an estimated £39.3m of football
revenue and the 85% limit, plus the owner equity top-up.
That leaves an estimated £305k of headroom.
Norwich City: the SCR breakdown
- Estimated revenue (football) reported £39.3m
- SCR limit - 85% of revenue £33.4m
- + Owner equity top-up (max / season) £15m
- Effective spending allowance £48.4m
- Estimated squad cost reported £48.1m
- Headroom +£305k
High spending power
- squad cost is 122.4% of revenue
What this means
On these estimates, Norwich City sit comfortably inside the 85% Green Threshold. They have room to invest in the squad without straining the rules.
Old rules vs new: PSR compared to SCR
Under the old PSR system, clubs were judged on total losses over three years, not on what they spent on the squad as a share of revenue. Here's how Norwich's position compares under both sets of rules.
| Old PSR (loss-based) | New SCR (revenue-based) |
|---|---|
|
3-year losses: −£64.8m
reported
Limit: £39m Headroom: −£25.8m 2021/22–2023/24 (Championship) |
Squad cost: £48.1m
Limit (85% + top-up): £48.4m Headroom: +£305k Based on £39.3m revenue |
Significantly exceeded the £39m limit - £23.6m, £27.2m and £14m losses over three years (total £64.8m, £25.8m over limit). No EFL enforcement action was taken. New ownership (Mark Attanasio, 2025) provides restructuring opportunity.
Note on this club's figures. 2024/25 revenue £39.3m (down 46% from £73.1m in 2023/24 as parachute payments ended). Wages £48.1m (122% of revenue). Parachute period now fully expired. Sources: matchdayfinance.com, Swiss Ramble, pinkun.com.
Source.
Source.
Compare Norwich with another club
Figures are illustrative estimates from published accounts and public reporting, not
official SCR submissions. SCR uses adjusted football revenue, which differs from headline
turnover. Last reviewed 2026-05-17.
Full rules explainer →