Sir John Hall Sells Newcastle United Shares

By Matthew Jones
June 12 2003

Sir John Hall has sold his personal shares in the United boardroom. His family still own 41% of the shares within Newcastle. Freddy Shepherd owns 25%, and has paid a tribute to Sir John Hall...

Former chairman, Sir John Hall has sold his shares in Newcastle United Football Club for £4.5m.

The Hall family still owns 41% of the club through a trust, and through the company headed by Sir John's son Douglas, Cameron Hall Developments.

Current Chairman, Freddy Shepherd owns 25% of the shareholding, and paid tribute to his former colleague.

"Sir John has decided to step back to pursue other business interests - I would like to take this opportunity to thank him for his contribution to the club," he said.

"Newcastle United was facing bankruptcy in 1992 when I came in with Sir John and Douglas Hall.

"He is a great man who has done wonderful things for this club."

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