End of Delia’s time as Norwich City director approved

Delia Smith’s departure as a director of Norwich City has been approved by the football club’s shareholders.

The celebrity chef’s name has been connected with the Canaries for over 25 years, as she and her husband, Michael Wynn Jones, are joint majority shareholders.

On Wednesday evening, a general meeting was convened at Carrow Road to allow shareholders to vote on Norfolk Holdings’ takeover, which is managed by US tycoon Mark Attanasio.

The Milwaukee Brewers’ majority owner, who co-founded the California-based investment firm Crescent Capital Group, joined the team’s board two years ago after obtaining a minority stake.

PA Wire Delia Smith poses with Norwich City players at Carrow Road in July 1998 as the football club's new kit is revealed. Five players - four wearing green football kit and one in an orange and black shirt - hold Delia Smith horizontally. She is wearing a dark plum-coloured suit and white top and shoes.

City stated two months ago that Norfolk Holdings had negotiated an agreement to take majority control of the club, if authorised.

The meeting resulted in Smith and Wynn Jones stepping down as directors, though they will continue to attend games as honorary life presidents. They will not profit from the transaction.

The couple are in their early 80s and live near Stowmarket in Suffolk. They joined the club’s board in November 1996, providing an initial cash injection of £2 million during a period of financial instability.

The couple are in their early 80s and live near Stowmarket in Suffolk. They joined the club’s board in November 1996, providing an initial cash injection of £2 million during a period of financial instability.

They became majority shareholders in 1998, and their 26-year tenure has seen six promotions, six relegations, two play-off finals, and 15 managers.

Their nephew, Tom Smith, will continue to serve as a director alongside Zoe Webber and Attanasio, while Richard Ressler, the American’s business partner, will join the board. Norfolk Holdings will be entitled to appoint an additional director.

The Canaries recently announced a pre-tax loss of £14.4 million for the 2023-24 financial year, but have made a good start to the Championship season following a busy summer of transition.

Read more at: https://sportupdates.co.uk

Be the first to comment

Leave a Reply

Your email address will not be published.


*