Delia Smith Sells Stake in Norwich City FC

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.