Official statement on Amanda Staveley, Mehrdad Ghodoussi and ownership structure
Newcastle United have released an official statement on the club's ownership structure, confirming that Amanda Staveley and Mehrdad Ghodoussi are leaving the club.
In a Friday night announcement, Newcastle have confirmed that PIF and RB Sports & Media (Reuben brothers) will now acquire PCP Capital Partners’ (Amanda Staveley) shareholding in the club.
Newcastle also announce that Staveley will now step down from all of her positions at the club, thanking her and husband Mehrdad Ghodoussi for all of their work over the past three years.
Official Newcastle statement on Friday 12th July 2024:
'Newcastle United Football Club today announces that an agreement has been reached to change its ownership structure.
'PIF and RB Sports & Media will increase their shareholdings in Newcastle United, as part of the long-term plan to develop the club and make it a consistently credible competitor in domestic and European competitions.
'As part of this structural change, PIF and RB Sports & Media will together acquire PCP Capital Partners' shareholding in the club and Amanda Staveley will step down from all her positions with Newcastle United.
'Following this, the new shareholding structure will see PIF control around 85% and RB Sports & Media holding the remaining 15% stake in the club. These structural changes are expected to be completed during July 2024.
'PIF, RB Sports & Media and the board of Newcastle United would like to thank Amanda Staveley and Mehrdad Ghodoussi for the key role that they played in the acquisition of the club and their dedication to developing the framework for long-term success over the past two and a half years.'
From securing Saudi investment to agreeing a deal with Mike Ashley, battling the Premier League, appointing Eddie Howe, securing vital deals - on and off the pitch - and always showing huge passion and enthusiasm for everything connected to Newcastle United, the pair have been a credit to the club and the driving force behind where we are today.
Thank you, Amanda and Mehrdad.
