Delia Smith Sells Stake in Norwich City FC
Delia Smith Sells Stake in Norwich City FC
Delia Smith Sells Stake in Norwich City FC
News summary

Delia Smith and her husband Michael Wynn Jones will step down as directors of Norwich City FC and reduce their stake to 10%, transferring majority control to Norfolk FB Holdings. The American investment group, led by Milwaukee Brewers owner Mark Attanasio, will increase its shareholding to approximately 85% and assume the club's £59 million debt. The couple, who have been the club's stewards for 27 years, structured the deal to ensure the long-term financial security of the club without receiving any payment for their shares. This transition, pending board and shareholder approval, is expected to conclude by November 2024. Both parties expressed confidence that Norfolk FB Holdings would ensure the long-term financial security of the club. Smith and Wynn Jones have consistently prioritized the club's interests throughout the transition process.

Story Coverage
Bias Distribution
50% Center
Information Sources
6a8412fc-1096-4c2b-a630-24144fb8fdd2605a98c4-d25e-430b-86c1-9232b14faa6b
Center 50%
Right 50%
Coverage Details
Total News Sources
2
Left
0
Center
1
Right
1
Unrated
0
Last Updated
37 days ago
Bias Distribution
50% Center

Open Story Timeline

Story timeline 1Story timeline 2Story timeline 3Story timeline 4Story timeline 5Story timeline 6Story timeline 7Story timeline 8Story timeline 9Story timeline 10Story timeline 11Story timeline 12Story timeline 13Story timeline 14

Analyze and predict the
development of events

Related News
Daily Index

Negative

20Serious

Neutral

Optimistic

Positive

Ask VT AI
Story Coverage
Subscribe

Stay in the know

Get the latest news, exclusive insights, and curated content delivered straight to your inbox.

Related News
Recommended News