Several owners have managed to take over the reins of the Newcastle United club since its founding in 1892, the last of which was England’s Mike Ashley.
Newcastle United started out as a limited liability company controlled by the McCaig, Westwood and Seymour families, but the change came in 1991 with John Hall buying 72.9% of the club for £ 3million and six years later, the club was listed on the stock exchange. traded as a public limited company with less than half of the shares sold to the Hall family while the rest went to his business partner, Freddy Sheppard, before Hall later stepped down as chairman, replacing him.
In 1998, the media group Virgin Media Ltd. bought 6.3% of the club’s shares for £ 10million and sought to acquire the entire club, but the offer was rejected by the Commerce Department’s Competition Committee.
In 2007, British businessman Mike Ashley bought the shares of Douglas and John Hall at 41%, and by July of that year his stake had increased to 95%, forcing the remaining shareholders to sell him their shares. .