Norwich accept new US investor and £10m loan
September 15 - Norwich City, battling for a return to the Premier League after being relegated last season, are the latest English club to attract American investors.
Mark Attanasio, the principal owner of Major League Baseball's Milwaukee Brewers, bought a 16% stake in the club from longtime manager Michael Foulger.
No value was given for the share sale, but The Athletic reports that Attanasio will provide an initial loan of £10m.
Norwich have often struggled for money since forming the Premier League and have been a club that has yo-yoed between the Championship and the top flight, never quite establishing itself with any longevity.
However, under the leadership of joint majority shareholders Delia Smith and her husband Michael Wynn-Jones, the club has demonstrated financial viability and is deeply rooted in the fabric of its local community.
“We are really excited about the future. We care passionately about the football club and are confident that it will suit everyone involved,” Smith and Wynn Jones said in a joint statement.
>"Mark and his team come to us with incredible credentials. Their vision and way of working is very much in line with the way we work at our football club. They care about their community and their supporters and that's exactly how we work."
"Our club is very well run so we don't expect any big changes. We look forward to working with Mark and his team as they learn more about our club and we learn from their experience. relevant expertise. Mark has brought some very impressive improvements and developments to the Milwaukee Brewers. We believe he will bring a breath of fresh air to our board and our football club," they said. /p>
Norwich currently sit second in the league, one point behind leaders Sheffield United and four points ahead of third-placed Blackburn Rovers after nine games.
Attanasio highlighted the club's community involvement: "It's really exciting. I think there are so many parallels between what we have at the Milwaukee Brewers and at Norwich City. Both clubs have family ownership. long-standing passion and a community that really cares about the team."
"I've been to town and spent time at the club and the energy was intoxicating. The facilities at Norwich City are world class. Yes things can always improve but when you have this type of infrastructure makes it much easier to focus on what is happening on the pitch and how the team is performing."
A return to the Premier League this season and the riches that would come with it would make his initial investment look like a good investment, particularly if the club can build a longer-term stay in the division.
Contact the author of this story at moc.l1663247482labto1663247482ofdlr1663247482owedi1663247482sni@n1663247482osloh1663247482cin.l1663247482uap1663247482
September 15 - Norwich City, battling for a return to the Premier League after being relegated last season, are the latest English club to attract American investors.
Mark Attanasio, the principal owner of Major League Baseball's Milwaukee Brewers, bought a 16% stake in the club from longtime manager Michael Foulger.
No value was given for the share sale, but The Athletic reports that Attanasio will provide an initial loan of £10m.
Norwich have often struggled for money since forming the Premier League and have been a club that has yo-yoed between the Championship and the top flight, never quite establishing itself with any longevity.
However, under the leadership of joint majority shareholders Delia Smith and her husband Michael Wynn-Jones, the club has demonstrated financial viability and is deeply rooted in the fabric of its local community.
“We are really excited about the future. We care passionately about the football club and are confident that it will suit everyone involved,” Smith and Wynn Jones said in a joint statement.
>"Mark and his team come to us with incredible credentials. Their vision and way of working is very much in line with the way we work at our football club. They care about their community and their supporters and that's exactly how we work."
"Our club is very well run so we don't expect any big changes. We look forward to working with Mark and his team as they learn more about our club and we learn from their experience. relevant expertise. Mark has brought some very impressive improvements and developments to the Milwaukee Brewers. We believe he will bring a breath of fresh air to our board and our football club," they said. /p>
Norwich currently sit second in the league, one point behind leaders Sheffield United and four points ahead of third-placed Blackburn Rovers after nine games.
Attanasio highlighted the club's community involvement: "It's really exciting. I think there are so many parallels between what we have at the Milwaukee Brewers and at Norwich City. Both clubs have family ownership. long-standing passion and a community that really cares about the team."
"I've been to town and spent time at the club and the energy was intoxicating. The facilities at Norwich City are world class. Yes things can always improve but when you have this type of infrastructure makes it much easier to focus on what is happening on the pitch and how the team is performing."
A return to the Premier League this season and the riches that would come with it would make his initial investment look like a good investment, particularly if the club can build a longer-term stay in the division.
Contact the author of this story at moc.l1663247482labto1663247482ofdlr1663247482owedi1663247482sni@n1663247482osloh1663247482cin.l1663247482uap1663247482
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