Mehrdad Ghodoussi (left) and Amanda Staveley (right).
Amanda Staveley and Mehrdad Ghodoussi, who played pivotal roles in the Saudi Arabian-backed takeover of Newcastle United in 2021, are set to leave the club. They initially acquired a 10% stake, which has since decreased to six percent as Saudi Arabia’s Public Investment Fund (PIF) and the Reuben family increased their holdings.
BBC Radio Newcastle reports indicate that Staveley and Ghodoussi have sold their remaining shares, formally ending their tenure at Newcastle United. Since facilitating the takeover, they actively managed the club’s operations, with PIF taking control with an 80% stake in the Premier League team.
During their time, they made significant decisions such as appointing Eddie Howe as manager in November 2021, succeeding Steve Bruce. During their initial transfer window, they actively strengthened their squad by signing players like Bruno Guimaraes and Kieran Trippier.
The objective behind these signings was to fortify the team and protect against potential relegation threats. The departure of Amanda Staveley and Mehrdad Ghodoussi signals a shift in Newcastle United’s ownership landscape, as the club moves forward under PIF and the Reuben family.
During their tenure, Staveley and Ghodoussi strategically strengthened Newcastle United’s team and ensured its stability in the Premier League. They closely tied their legacy to the transformative Saudi-led acquisition that reshaped the club’s future.
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