Newcastle United co-owners to leave the club after three years

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Newcastle United’s co-owners, Amanda Staveley and Mehrdad Ghodoussi, are set to leave the club after three years at St. James’ Park.

Staveley and Ghodoussi played a key role in ensuring the Saudi Arabia Public Investment Fund’s (PIF) purchase of an 80 percent stake in Newcastle for £300 million in 2021, which ended the 14-year reign of Mike Ashley at the club.

The Newcastle United co-owners changed the fate of the Magpies by completing their takeover when the team was 19th in the Premier League table. The first major decision of the new owners was to sack manager Steve Bruce five weeks later and subsequently appoint Eddie Howe, who guided the club to safety in 2021 and qualified them for the UEFA Champions League the following season.

Under Staveley and Ghodoussi’s ownership, the club spent almost £92 million in the first transfer window and brought in high-profile players like Kieran Trippier and Bruno Guimaraes.

Additionally, Newcastle’s women’s team was brought under the club’s umbrella for the first time in its history, going full-time professional last season and securing back-to-back promotions into the FA Women’s Championship.

How much did the Newcastle United takeover cost?

A Saudi-led group completed a £300m purchase of Newcastle United to end Mike Ashley’s 14-year ownership of the club in October 2021.

Staveley is expected to continue to work with PIF and remain involved in football, recently helping secure a deal between golf’s PGA Tour and the Saudi Arabia-funded LIV tour. She also previously helped broker the £210m sale of Manchester City in 2008 to Abu Dhabi’s Sheikh Mansour.

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