Norwich City: Delia Smith Steps down as director

Delia Smith and her husband Michael Wynn Jones will reduce their stake in Norwich City to 10% and step down as directors next year.

They have reached an agreement with American investors Norfolk FB Holdings, led by Milwaukee Brewers owner Mark Attanasio, to transfer their current 40.4% stake to the group.

Attanasio’s group, which initially acquired a 15.9% stake in Norwich before increasing it in April to become joint majority shareholders, will boost their holding to around 85%.

The deal is pending board and shareholder approval and is set to be finalized on March 1, 2025. Smith and Wynn Jones, both 83, will not receive payment for their stake and will transition to honorary life presidents of the club.

The club expressed appreciation for Smith and Wynn Jones’s commitment to the club’s best interests throughout their tenure. The agreement is expected to ensure Norwich City’s long-term financial stability.

Norwich City, who missed out on promotion last season after losing in the Championship play-off semi-final, began their new campaign with a 2-0 loss to newly-promoted Oxford.