Mystery over seller of Norwich City shares
A mystery seller is offering Norwich City fans the chance to snap up shares in the club – but anyone hoping buying them to challenge Delia Smith and Michael Wynn-Jones for power at Carrow Road should know they will not go far.
Professional services firm RSM Tenon placed an advert in the EDP offering for sale 2,000 ordinary shares and 250 B-preference shares.
Brendan Hogan, from the Birmingham office of RSM Tenon, revealed they belonged to a company which had been placed in administration and would not discuss it further.
Despite Norwich City's promising start to their first season back in the Championship, Mr Hogan added that, so far, the only call about the shares was the one from the EDP.
In theory the shares are worth �85,000, although it would be up to the buyer and seller to strike a deal for them.
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But the club said today that whoever snapped them up would obtain only about 0.03pc of the ordinary shares in the club which have been made available.
The club's annual report for 2009 showed that Delia and her husband, as joint majority shareholders, owned 327,309 ordinary shares and 3,025 B- preference shares. They each also owned 100 ordinary shares in their own names.
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People do get voting rights with the ordinary shares, but the attraction of the B-preference shares, of which there are 310,000 out there, is that they can pay a dividend. They only get a vote at general meetings should there ever be a resolution to wind up the football club.
Norwich City Supporters' Trust, an organisation which believes fans should have a say in the running of their football club has, through its members, acquired more than a thousand shares. Mike Reynolds, from the trust, said: 'We do occasionally get emails from people selling their shares, but I've not seen this one. I've no idea who this one might be, but they must have bought a fair whack of them at some point.'