Shepherd Buys Bigger Stake

By Nick Raynor
December 15 2004

Newcastle chairman Freddy Shepherd now owns over a quarter of the club after buying 1.12 million shares.

Shepherd, director of Shepherd Offshore Limited, had his company buy 1.12 million shares at 38.5p each. 

The company owns 32.7 million shares equivalent to 24.7% and Shepherd owns 754,985 himself. 

Shepherd is only the second biggest shareholder in Newcastle United as he is behind the Hall family.