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What happened to Amanda Staveley’s 6% stake in Newcastle United

What happened to Amanda Staveley’s 6% stake in Newcastle United

Newcastle United co-owner Amanda Staveley is preparing to leave St James’ Park after three years in charge.

Details reveal that she was notified of this strategic shift by the Public Investment Fund. The Saudi-backed fund will acquire her 6% equity stake.




By comparison, the Reuben family will retain their 14% stake in United and Darren Eales remains as CEO. When Chronicle Live contacted United for their thoughts on the changes taking place, a spokesperson responded with: “The club is not commenting.”

Staveley’s departure comes amid rising tensions at Barrack Road following Newcastle’s failure to secure European qualification last season, which led to a hasty sale to escape punitive measures for possibly breaching Premier League profit and sustainability regulations.

While it is not known whether Staveley will break her silence on the matter, possibly due to a confidentiality agreement, there is some understanding that Jamie Reuben, one of the directors, would have preferred Staveley and her husband Mehrdad Ghodussi to remain on the board, according to Chronicle Live.

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United have recently repositioned their football department with new sporting director Paul Mitchell taking over from Ashworth. It appears that there is closure between Newcastle and Man United after an agreement was reached over Ashworth’s services, effectively ending a bitter six-month dispute.

Amanda Staveley has addressed concerns from Newcastle United fans after changes to Companies House documents sparked rumours of her resignation. She clarified: “I have just returned from Saudi Arabia and have noticed a lot of messages from fans concerned that I have resigned from my role as a Director of Newcastle United. I have not resigned – the changes made last week were purely administrative, to non-commercial subsidiaries.”