On 14 August 2018, it was announced that shareholder Simon Hallett had purchased part of James Brent's stake in the club, and had become the new majority shareholder and owner, and that former director, David Felwick, would return to the club as chairman when Brent stepped down on 31 October 2018. However, on 10 October 2018, it was reported that David Felwick was unable to take over as chairman, citing personal reasons, so on 1 November 2018, Hallett became both majority owner and chair of Plymouth Argyle.