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24 September 2014
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Football

Delia Smith (Getty Images)

Delia invites investment bids

Delia Smith told Norwich City fans at the Carrow Road AGM that she would willingly relinquish her place on the board if it allowed someone else to come into the club and invest big money in the team.

Norwich City held it's AGM at Carrow Road on Thursday, 18 January 2007, and among the questions posed to club officials came the subject of the levels of financial backing the club receives.

There was a suggestion from the floor that joint-majority shareholders Delia Smith and her husband Michael Wynn-Jones, along with other directors, were occupying boardroom places that could be filled by potential investors.

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The former TV chef responded to the comments claiming she would welcome such investment, but in the last decade she had never received any firm offer.

"Nobody has ever come forward and said `I'll give you this amount of money for a seat on the board.` Nobody's ever done it," she said.

"And if somebody offered Michael and I a large amount of money for our shares what's that going to do?

"It's going to give us a lot of money, but it's not going to do anything for the club," she added.

Delia admitted she would consider selling up, but only if it was in the best long-term interests of Norwich City.

"The only way we would relinquish our shares is if somebody's going to put invest in the football with serious money for the squad, and it has to be someone honourable," she added.

"They have to be people that we all think would be good custodians of this football club, because we nearly lost it ten years ago and that's a possibility again if it's not looked after properly and nurtured," she added.

Delia Smith and Michael Wynn Jones assumed control over The Canaries as joint majority shareholders in 1996 and have since invested something in the region of eight million pounds in the club.

last updated: 19/01/07
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