Newcastle United is poised to undergo a significant change in its ownership structure, as co-owners Amanda Staveley and Mehrdad Ghodoussi prepare to depart the club. The couple played a pivotal role in the successful takeover of the club in October 2021, and have since worked tirelessly behind the scenes to support the team’s growth and development.
However, following substantial investments from the Public Investment Fund (PIF) of Saudi Arabia and RB Sports & Media, Staveley’s share in the club has decreased from 10% to 5.7%. As a result, the remaining co-owners will absorb her shares, leading to a significant shift in the club’s ownership dynamics.
The PIF and RB Sports & Media will see their stakes in the club increase to 85% and 15%, respectively, solidifying their positions as the primary owners of Newcastle United. This development marks a new chapter in the club’s history, as the Saudi-backed consortium continues to shape the future of the Magpies.
Staveley and Ghodoussi’s departure is a testament to the evolving nature of the club’s ownership structure, which has undergone significant changes since the takeover. Their contributions to the club’s success will not be forgotten, and their legacy will continue to be felt in the years to come.
As the club moves forward under new ownership, fans and supporters will be watching with keen interest, eager to see how this change will impact the team’s performance and trajectory. With the backing of the Saudi PIF and RB Sports & Media, Newcastle United is poised for an exciting new chapter in its history, one that promises to bring success and glory to the beloved Magpies.
