Newcastle United Football Club
Hall began his ownership of the team by taking over Newcastle United in a bitter battle for control and appointing Kevin Keegan as manager in February 1992. Keegan turned the club's fortunes around, taking the team from the brink of relegation into the Third Division, to competing with Manchester United for the Premier League in 1996.
He issued bonds worth £500 to fans and issued coupons to fans of 19–22% APR.
After taking over Newcastle United, he also bought the Newcastle Falcons and the Newcastle Eagles. He purchased the Durham Wasps in 1995, causing Durham ice skating rink to close down, who began to play at Sunderland's Crowtree Leisure Centre. They were renamed the Newcastle Cobras when they moved to Newcastle Arena the following season.
He attempted to build a new stadium on Leazes Park for a rugby, football and ice skating but a petition from local residents with 38,000 signatures put an end to that plan.
Sir John began to rebuild the stadium, and the Leazes End of St James' Park is named the Sir John Hall Stand. Despite being an immensely popular figure amongst fans some authors have questioned whether Sir John's involvement with Newcastle United was anything more than profitable opportunism. Combined with a health scare, in 1997 Hall handed over the Chairmanship to Freddy Shepherd, and his family interests in the club to his son Douglas Hall.
On 23 May 2007, Hall sold his entire 41.6% shareholding in Newcastle United to sports retail magnate, Mike Ashley, for £55 million in a deal that valued the club at £133.1 million.
Read more about this topic: John Hall (businessman)
Famous quotes containing the words united, football and/or club:
“We are told to maintain constitutions because they are constitutions, and what is laid down in those constitutions?... Certain great fundamental ideas of right are common to the world, and ... all laws of man’s making which trample on these ideas, are null and void—wrong to obey, right to disobey. The Constitution of the United States recognizes human slavery; and makes the souls of men articles of purchase and of sale.”
—Anna Elizabeth Dickinson (1842–1932)
“In this dream that dogs me I am part
Of a silent crowd walking under a wall,
Leaving a football match, perhaps, or a pit,
All moving the same way.”
—Philip Larkin (1922–1986)
“We have ourselves to answer for.”
—“Jennie June” Croly 1829–1901, U.S. founder of the woman’s club movement, journalist, author, editor. Demorest’s Illustrated Monthly and Mirror of Fashions, pp. 24-5 (January 1870)