Norwich have announced American businessman Mark Attanasio has purchased a minority shareholding in the club.

Attanasio, the owner of Major League Baseball franchise the Milwaukee Brewers, has acquired around 16 per cent of club shares from long-serving director Michael Foulger.

The 64-year-old has also joined the club’s board of directors.

Attanasio is also expected to complete the purchase of ‘C-preference’ shares, worth around £10million, which in seven years will result in either a payment of £16million or an extra 10 per cent stake in the Canaries.

A statement from joint majo...