Significant takeover news just emerged for Norwich City, as Mark Attanasio said that he will be increasing his interest at Carrow Road starting in 2019.
The head of Norfolk FB Holdings, Attanasio, plans to raise his ownership position to approximately 85%.
Right now, he only owns 40.4% of the company, which is the same amount that Delia Smith and her husband Michael Wynn Jones own.
Nevertheless, Wynn Jones and Smith have decided to reduce their ownership of the club to 10%. The two will begin to hold that reduced stake in March 2025, pending approval from the board and shareholders of the club.
For the Canaries, who have enjoyed stability off the field during the pair’s tenure as major stakeholders, that will signal the beginning of a new chapter.
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The 31-year-old joined the Canaries in the year 2018.
They may have been classified as a yo-yo team in recent years, but they have experienced some memorable times in both the Premier League and the Championship and fans will be appreciative for their efforts to the cause.
At Carrow Road, meantime, Attanasio will be getting ready for life as a majority shareholder.
He has been able to become familiar with the Norfolk organization since joining the board in 2022, which could give him an edge as he gets ready to take on this more significant role.
He now has to make the Canaries a team capable of winning promotion once more after they were eliminated at the penultimate hurdle at the end of the previous season.
Even though they placed in the top six at the end of the previous campaign, they were clearly the underdogs to win promotion, as seen by their crushing loss to Leeds United in the second leg of the play-off semifinal.
What is the net worth of Mark Attanasio, a co-owner of Norwich City?
Attanasio’s estimated net worth has been stated by Front Office Sports to be approximately $700 million. This is a figure that has been cited by multiple sources.
Given that he presently owns the Milwaukee Brewers baseball team, this number is not surprising. They are Major League Baseball players.
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