Crossword Genius

Was in possession to do new changes (5)

Ross

I believe the answer is:

owned

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'was in possession' is the definition.
I can't tell whether this definition defines the answer.

'do new changes' is the wordplay.
'changes' indicates anagramming the letters.
'do'+'new'='donew'
'donew' anagrammed gives 'OWNED'.

'to' acts as a link.

Can you help me to learn more?

(Other definitions for owned that I've seen before include "Had possession of" , "Endow (anag)" , "to oneself?" , "fully paid off?" , "admitted making confession" .)

I've seen this clue in the Sydney Morning Herald.
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