A LOCAL businessman has bought a key shareholding in BR Standard 4MT 2-6-0 No. 76084 to ensure the locomotive stays on the North Norfolk Railway for the foreseeable future.
As previously reported, 31% stakeholder John Oldcorn advertised his shares for sale in September, leading to speculation that the locomotive could be moved to another line.
Although not a majority controlling stake, the 247,532 shares are enough to exercise an influence on the management of No. 76084.
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The Riddles mogul has been based in Norfolk since moving there for the completion of its restoration from Barry scrapyard condition in 2013, initially on a steaming agreement that repaid the loans made by NNR for the restoration.
NNR officials declined to name the supporter who bought the shares for an undisclosed sum. The 70-year-old, who holds other company directorships and lives near Norwich, is not known in railway circles.
Read more in Issue 236 of HR – on sale now!
