- Amanda Staveley played a key role in the PIF’s takeover of Newcastle in 2021
- Staveley and Mehrdad Ghodoussi have been important power brokers at the club.
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Amanda Staveley and Mehrdad Ghodoussi are to leave Newcastle United after almost three years as co-owners of the club.
Mail Sport understands its six per cent stake will be sold to one or both of Saudi Arabia’s Public Investment Fund and the Reuben family.
The husband and wife team will no longer have daily involvement with the club.
PIF currently owns 80 percent of Newcastle, while the Reubens’ stake has increased from 10 percent to 14 percent since the 2021 acquisition.
Staveley and Ghodoussi’s stake has been reduced from the original 10 per cent as their co-owners have injected more capital into the club.
Newcastle co-owners Amanda Staveley and Mehrdad Ghodoussi are set to leave the club
The husband and wife have been the public figures of the club’s ownership since 2021.
Staveley played a key role in facilitating the club’s £300m takeover by Saudi Arabia’s PIF in October 2021 and has been a key powerbroker at St James’ Park ever since.
But they will leave behind a legacy of ending Mike Ashley’s unpopular ownership of Newcastle. It was Staveley who negotiated the £305m takeover, backed by Saudi investors and the Reubens.
She and Ghodoussi then acted as de facto chief executives and sporting directors during the first few months of the new Newcastle.
They appointed Eddie Howe as manager, signed players such as Bruno Guimaraes and Kieran Trippier and avoided relegation in their first season.
They will leave behind the legacy of ending Mike Ashley’s unpopular ownership at Newcastle.
Staveley and Ghodoussi also oversaw a successful period for Newcastle during their tenure.
In his second campaign, Newcastle reached the Champions League for the first time in 20 years and reached the Carabao Cup final. He also broke the club’s transfer record with the signing of Alexander Isak for £63m.
But the decline in their stake has always meant they are likely to sell their shares at some point. The club is now expected to issue a statement confirming the news.
