Attanasio’s group initially purchased a 15.9% stake in Norwich earlier than their funding was raised in April, after they grew to become joint majority shareholders.
The deal doesn’t contain fee to Smith and Wynn Jones, each 83, and can see them step down from the membership’s board they first joined in 1996.
They are going to turn into honorary life presidents of the membership.
“Delia and Michael have all the time been clear that they might act in the very best pursuits of the membership when passing on stewardship of it,” the membership said in a statement., external
“By structuring the settlement on this manner the events have secured the long-term monetary safety of the membership.”
Norwich, who misplaced within the Championship play-off semi-final final season, started their new marketing campaign with a 2-0 defeat at newly-promoted Oxford.