The principal owner of the Major League Baseball (MLB) team, Milwaukee Brewers, Mark Attanasio, has obtained a minority stake in Norwich City FC, the English professional football club.
The American businessman has purchased around 16 per cent of the club’s share from the long-serving director, Michael Foulger. With this development, Attanasio has also joined Norwich’s board of directors.
The businessman is anticipated to conclude the purchase of ‘C-preference’ shares worth £10 million, which in the upcoming seven years will result in a payment of £16 million or an extra 10 per cent of the team’s stake.
A statement from joint majority shareholders Delia Smith and Michael Wynn Jones said, “We are really excited about the future. We care passionately about the football club and are confident that this will be right for all involved.
“Mark and his team come to us with amazing credentials. Their vision and way of working is very much aligned in how we work at our football club. They care about their community and supporters and that’s exactly how we work.
“Our club is being run excellently, so we don’t expect any big changes. We look forward to collaborating with Mark and his team as they learn more about our club and we gain insights from their relevant expertise.
“Mark has brought some very impressive improvements and developments to the Milwaukee Brewers. We feel he’ll be a breath of fresh air into our board and football club.”