Very good interview from both sides and it reveals what many of us have been looking for in how the Attanasios involvement will work within the club. The TNC guys expressed the potential 'scepticism' some fans might feel after what the Glazers have done at ManUtd. A healthy scepticism (not cynicism) is natural and Mark Attanasio used that word to describe what they experienced in Milwaukee and what they expect to be examined by in Norwich. That Mike sourced this interview backs up the desire they expressed for connecting with the fans rather than a relationship filtered through journalists. The initial structure of a 3 year business plan seems a solid and practical way to start and the connection with the club is solid enough to support that. I also liked their mentioning that Michael Foulger is still on the board after selling his holding to them. We still wait to see how things develop, but meanwhile we also need to see improvements on the pitch, whatever plans for the future are being made.
I hope the New York business man doesn't wait until Norwich city & their share value doesn't drop after failure to get promoted & buy them up below market value because Delia is too old to do the job ?
https://www.edp24.co.uk/sport/23168388.norwich-city-special-report-mark-attanasio-milwaukee-brewers/ Link to Paddy Davitt's interview with Dan Goroff, a States-side Canaries fan who was director of ticketing for Major League Baseball’s Philadelphia Phillies and who brings an MLB insider's insight into how the Brewers have prospered under Attanasio's ownership.
https://pinkun.com/news/23279870.norwich-city-canaries-allot-shares-general-meeting/ Further investment coming? Club are to allot more shares in February.
The EDP has a further explanation: "By opting to allot shares, the club creates a situation in which they are able to sell the 23.97pc created and benefit from that investment. The implications of this are clear to see - the percentages are set to shift regarding the ownership at Carrow Road. Much speculation has already assumed that new shareholder and director Mark Attanasio could be increasing his stake in the club. This is certainly a possibility, and Attanasio's admission to BBC Radio Norfolk that "we're interested in getting more involved" suggests that his stake could increase in future, and if he purchased all of the newly created shares he'd take his shareholding from at least 98,000 and 15.98pc to 292,512 and 36.05pc. Add in the potential future conversion of the C-preference shares he owns and that would increase even further". https://www.edp24.co.uk/sport/23280000.explained-norwich-citys-general-meeting-allot-shares/
"Admission" is rather an odd choice of words, as though Chris Goreham successfully extracted some guilty secret from MA !
For anyone interested who hasn't been following it, there is a thread on the Pink'Un forum in which contributors have been speculating about the implications of Monday's EGM, based on the mysteriously specific figure given for the number of shares to be allotted (194,512 to be exact): https://forum.pinkun.com/index.php?/topic/151379-194512-new-shares-a-theory/
Yes, Monday. As expected, all motions passed with the majorities required. I believe there is a provision to the effect that the newly created shares be alloted within 14 days (though I'm told the possibility of an extension to that period is written into the small print). But since all this seems to have been scrupulously planned and agreed in detail between the major parties, I would expect an official announceent from the club by the end of the month.
I assume that MA did not attend, he was not spotted at any of the usual venues. Probably attended by satellite link though.
If there's any justification for the excitement and anticipation currently building on the Pink'Un Forum, it sounds as if there may be developments soon in the Attanasio investment saga.
Shareholders meeting 2 October 2023: https://www.canaries.co.uk/club-issue-notice-of-general-meeting-to-shareholders-2023
Tonight's GM finished 15 minutes ago. Result of the waiver vote should be known shortly. Apparently fewer than 20 shareholders were present to cast their votes in person so, assuming the pre-submitted votes have already been counted, the result should not take very long -- though of course there will be some last minute verification process to go through. Expected to be announced first on the Club website.
