Thursday, October 11, 2007
Delia to quit
One of football’s most famous boardroom personalities, Delia boasts £8million in shares.
But she is set to hand over the club within the next month to a couple who own a multi-million pound mortgage-lending company.
The celebrity TV cook, Norwich’s joint majority shareholder with husband Michael Wynn-Jones, has been looking for outside investment for the last year.
Currently filming her latest TV series, she is likely to remain on the Carrow Road club’s board but is keen to take a back seat along with Wynn-Jones.
Delia bailed out Norwich — currently third bottom in the Championship after Monday’s 1-0 defeat at fellow strugglers QPR — just 48 hours before the club went into administration in 1996.
She has been a fierce critic of overseas investors and insisted she would never sell to someone who did not have the interests of the club at heart.
But Canaries supporters Andrew and Sharon Turner, who own finance firm Central Trust, fit the bill.
The pair, believed to be worth around £300m, bought a small number of shares in the summer and gave the club a £2m loan. They are now ready to significantly increase their stake and take charge of the East Anglian outfit.