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.
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!