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TV cook Delia Smith gives up majority control of Norwich City Football club
Superstar cook dinner Delia Smith has agreed to relinquish her management of Norwich Metropolis Soccer Membership after greater than 27 years.
Smith is at the moment a joint majority shareholder alongside her husband Michael Wynn Jones and Norfolk Holdings, a gaggle run by American businessman Mark Attanasio.
Norwich Metropolis has introduced that Smith and Wynn Jones have agreed to an association which might see Norfolk Holdings take majority management of the Canaries.
Topic to approval by the remaining shareholders, Attanasio’s group would finally enhance its share of the membership to 85% with Smith and Wynn Jones retaining 10%.
A press release from Norwich Metropolis mentioned: “Delia and Michael have at all times been clear that they might act in the perfect pursuits of the membership when passing on stewardship of it.
“Delia and Michael really feel that the group are finest positioned to be the following custodians of the membership.”
The spokesperson mentioned the settlement – which “entails no cost to Delia and Michael” is meant to safe “the long-term monetary safety of the membership and an efficient and optimistic transition”.
The ability couple first took over management of the membership in 1997 after they purchased Sir Geoffrey Watling’s majority shareholding.
It adopted the Canaries’ relegation from the Premiership in 1995 which had left the membership in a deadly monetary place.
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