£20million investment in the offing

Last updated : 30 June 2008 By Rick Lamb
The Eastern Daily press is reporting that a potential £20million investment has been turned down by the Norwich City board but that, with the support of the fans, it is hoped that the club will be persuaded to change their mind.

Norfolk-born businessman Peter Cullum, 57, offered to invest the money last October with the side languishing at the foot of the Championship table. His desire to become majority shareholder but with a lower public profile than incumbents Delia Smith and Michael Wynn-Jones saw his approach turned down.

The club has not commented on this particular offerm saying only that they were always seeking investment of a suitable nature, but a man who expects only an 'emotional' return on his investment and who desires to run the club for the fans must surely be given a second hearing.