Delia Smith and Michael Wynn Jones to lose majority stake in Norwich City
American businessman Mark Attanasio has been given the go ahead to increase his share of the club's ownership
Delia Smith and her husband Michael Wynn Jones are set to no longer be majority shareholders in Norwich after American businessman Mark Attanasio was given the go-ahead to increase his stake in the Championship club.
Attanasio, owner of Major League Baseball franchise the Milwaukee Brewers, joined the board at Carrow Road during September 2022 when he bought a stake of just under 16 per cent.
The American's Norfolk FB Holdings group is now set to acquire an additional holding of just over 195,000 shares which would bring Attanasio to parity with the combined 40 per cent of Smith and her husband, who have been in control since 1996.
A general meeting was held at Carrow Road on Monday evening, where five resolutions were proposed, with shareholders having been encouraged to vote in advance by proxy.
"Norwich City can now confirm that each of the five resolutions were passed by the club's independent shareholders. The club will now move forward with the next steps in the process," a club statement read.
Norwich announced last month the Takeover Panel had agreed to waive the obligation for Norfolk FB Holdings to make a mandatory financial offer to purchase the shares from the remaining existing shareholders, which also includes the Canaries Trust supporters' group.
The proposed changes remain subject to approval from the English Football League.
It has been reported that under the new agreement, Smith and Wynn Jones will continue to look after the general running of the club until at least the start of 2026.
Norwich were promoted to the Premier League twice under former head coach Daniel Farke, winning the Championship title in both 2018-2019 and 2020-2021, but were relegated in each of the following seasons.
The Canaries, now with David Wagner at the helm, currently sit seventh in the Championship.