In 2008, Smith was reported to have rejected an offer from Norfolk-born billionaire Peter Cullum, who wished to invest £20 million in the club, but wanted Smith and the other shareholders to relinquish their holdings.
In August 2011, Smith announced that, anticipating her 70th birthday, she was stepping down from her catering role at Carrow Road: "It is now time for a fresh approach and a younger team who, I am confident, will take the business even further."[REF] .