Tuesday, July 23, 2024

Amanda Staveley leaving Newcastle United amid major confusion over future

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Amanda Staveley was a huge driving force behind Newcastle’s Saudi takeover back in 2021 but is now set to depart the club after helping the Magpies back into the Champions League

Amanda Staveley was a pivotal figure behind Newcastle’s Saudi-backed takeover(Getty Images)

Newcastle co-owner Amanda Staveley is set to leave the club just three years after playing a key part in the club’s Saudi takeover.

The 51-year-old played a crucial role as the Saudi Arabia Public Investment Fund’s (PIF) bought an 80 per cent stake of the club for £300million (now $379m) in 2021. It saw Mike Ashley ’s much-criticised spell at St James’ Park come to an end.

As part of the deal, Staveley and her partner Mehrdad Ghodoussi bought a 10 per cent stake in Newcastle. The Reuben family also purchased the same sized stake.

But now, Staveley has departed. According to The Athletic, both she and Ghodoussi have left St James’ Park after selling their remaining shares to PIF, who informed Staveley of the decision. Newcastle have been approached for comment.

Their share in the club was previously diluted to six per cent earlier this year. Filings on Companies House also revealed that Staveley had resigned from her role as a director from the club.

But she disputed that fact in a statement. Taking to Instagram, she wrote back in April: “Just arrived back from Saudi and noticed a lot of messages from fans concerned that I had stepped down from my role as a director of Newcastle United.

“I have not – the changes made last week were purely administrative, to non trading subsidiaries. After the takeover, Jamie and I stepped in as directors of all companies until we could build an executive team.

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