Former Swans chairman leads Exiles
Huw Jenkins completes majority takeover of League Two side Newport
Former Swansea chairman Huw Jenkins has completed a majority takeover of League Two side Newport.
The 60-year-old has purchased 52 percent of the club from the Supporters' Trust after a new ownership model was approved in September.
Swansea reached the Premier League and won the EFL Cup during his 17-year stint.
Newport host Manchester United in the FA Cup fourth round at a sold out Rodney Parade at the weekend.
The Supporters Trust will retain a 27 per cent shareholding in the club and two director places on the Board. Those two places will be initially held by current Trust directors Shaun Johnson and Paul Marks until the Trust holds its election for the two positions. The arrangements for the election will be discussed with Trust members in the second part of its coming AGM.
Huw’s takeover sees the Neath-born businessman return to a senior football role for the first time since leaving Swansea City back in 2019 following 17 successful years at the helm of the club.
During that time, he formed part of a local group, together with the Swans Supporters Trust, that rescued the club from relegation from the Football League in 2002 on the last day of the season. He then oversaw the club’s rise from the bottom of League Two to the Premier League, League Cup success at Wembley and European football – all on a limited budget and playing a unique brand of football.
His achievements earned him an OBE in 2015 for his services to Welsh football; an honorary degree from Swansea University; plus, the prestigious title of CEO of the Year' at the Football Business Awards.
His time at the Liberty Stadium eventually came to an end three years after a takeover of the club by an American consortium in 2016.