Norwich City: Delia Smith to reduce stake to 10% and step down as director
Attanasio’s group initially bought a 15.9% stake in Norwich before their investment was raised in April, when they became joint majority shareholders.
The deal does not involve payment to Smith and Wynn Jones, both 83, and will see them step down from the club’s board they first joined in 1996.
They will become honorary life presidents of the club.
“Delia and Michael have always been clear that they would act in the best interests of the club when passing on stewardship of it,” the club said in a statement., external
“By structuring the agreement in this way the parties have secured the long-term financial security of the club.”
Norwich, who lost in the Championship play-off semi-final last season, began their new campaign with a 2-0 defeat at newly-promoted Oxford.
Related
Youth football teams hold minute’s silence for 10-year-old Poppy Atkinson
Youth football teams and grassroots clubs across the country have held a minute’s silence at the start of their games to commemorate a 10-year-old girl who di
Girl’s death sparks minute’s silence at football matches nationwide
10-year-old Poppy Atkinson was killed when she was struck by a car during a training session at Kendal Rugby Club in Cumbria. Clubs from Leeds to London
Liverpool fans’ Uefa claim can be heard in England, judge…
The high court, sitting in Liverpool, heard Uefa had relied upon the principle that English courts will not inquire into the legality of actions by foreign gove
Alan Shearer’s Premier League predictions including Manchester United vs Arsenal
Caption: Alan Shearer?s Premier League predictions credit: Getty / Metro After some impressive results for English sides in Europe the focus is
