Amanda Staveley Newcastle United bombshell claim made as sale imminent
Newcastle United is on the brink of a significant ownership change, with Amanda Staveley and Mehrdad Ghodoussi set to step away from their roles at the club. This development marks a pivotal moment for the Magpies, as the duo has been instrumental in the club’s recent revival and strategic direction.
The Ownership Journey: From Takeover to Transformation
In 2021, Staveley’s Cantervale Holdings acquired a 10% stake in Newcastle United as part of a landmark takeover.
The Saudi Arabia Public Investment Fund (PIF) took an 80% majority stake, while Jamie Reuben’s RB Sports & Media held the remaining 10%. Over time, Staveley’s stake was reduced to 5.7%, with Reuben’s share increasing to 14.3%.
Recent reports indicate that Staveley and Ghodoussi will sell their remaining stake to one or both of the major stakeholders: PIF and RB Sports & Media. An official club statement is anticipated soon to confirm this transaction.
Despite holding a minority stake, Staveley has been a vital force behind Newcastle’s resurgence. Alongside her husband Ghodoussi, she played a crucial role in the club’s operations, significantly contributing to its strategic and operational successes.
Staveley was the driving force behind the takeover process and recently secured midfielder Joelinton’s new four-year contract after prolonged discussions.
The 2021 takeover brought a transformative impact to Newcastle United. Under the new ownership, the club rapidly climbed out of the relegation zone and secured a spot in the Champions League within two years.
This remarkable turnaround underscored the effectiveness of the new management and strategic investments.
Despite the club’s impressive progress, financial challenges have emerged. The latest accounts reveal that Staveley received loans totaling £1.2 million from the club.
An interest-free loan of £600,000 was provided in November 2022 for legal fees, with an additional loan of £659,056 granted on August 31, 2023. Senior club sources have assured that these loans will be repaid in full.
As Staveley and Ghodoussi prepare to exit, the focus shifts to the future of Newcastle United under the continued stewardship of PIF and RB Sports & Media. The club aims to build on its recent successes, with aspirations to improve its standing in the Premier League and secure a return to European competitions.
The impending ownership change at Newcastle United signifies the end of an era marked by rapid transformation and strategic success.
Staveley and Ghodoussi’s departure will undoubtedly leave a significant legacy, having played a crucial role in the club’s journey from relegation threats to Champions League contenders.
As the Magpies look ahead, the new ownership will face the challenge of maintaining and building upon the strong foundation laid over the past few years.
