McNally has been reforming Carrow Road since his appointment in 2009

Norwich City chief executive David McNally has denied reports that American investors are hoping to pour money into the club.

Controversial US blogger Joe Kasitch recently detailed an overview of the Canaries finances, telling reporters he knew of several interested parties.

McNally told BBC Radio Norfolk: "We'll manage the process professionally.

"There's more chance of me buying the club than there is of Joe Kasitch or any of his people coming in."

He added: "We will be absolutely transparent about the opportunities that are there, and they [the fans] will be told on a regular basis where we are in the process."

We said it would be great if the two iconic Norfolk brands could work together. Norwich City chief executive David McNally

McNally says looking for new investment is currently in the preparatory phase, but the subsequent reports have given fans a false impression.

"I've had Canary fans say to me, 'what about this American money?'. There is no American money, we haven't started the search yet," he said.

"We promise you this, and while we've been together as a board for a relatively short space of time, I don't think we've done anything other than stuck to our word."

McNaully also commented on rumours of investment from Lotus Racing team principle Tony Fernandes:

"I know Mike Gascoyne, his chief technical officer, as I met him by chance at the last home game," said McNally.

"We said it would be great if the two iconic Norfolk brands could work together.

"I think we're a long way off but it would be great if Norwich City and Lotus could work together in some marketing or commercial partnership, and we're looking at that," he said.

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