Mort in as Shepherd leaves Toon
Shepherd agreed to sell his 28% shareholding to billionaire Mike Ashley last month for more than £37 million (€55 million), but was asked to remain in his position. However, Ashley yesterday promoted Mort, a 41-year-old lawyer, from deputy chairman.
Mort said: “I am delighted to become chairman of such a fabulous club. The strategic review of the club is going well and, with the new season fast approaching, we feel the time is right to make the change.