Monday, July 15, 2024

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 depart the membership after three years at St. James’ Park.

Staveley and Ghodoussi performed a key function in making certain the Saudi Arabia Public Funding Fund’s (PIF) buy of an 80 p.c stake in Newcastle for £300 million in 2021, which ended the 14-year reign of Mike Ashley on the membership.

The Newcastle United co-owners modified the destiny of the Magpies by finishing their takeover when the workforce was nineteenth within the Premier League desk. The primary main choice of the brand new house owners was to sack supervisor Steve Bruce 5 weeks later and subsequently appoint Eddie Howe, who guided the membership to security in 2021 and certified them for the UEFA Champions League the next season.

Beneath Staveley and Ghodoussi’s possession, the membership spent virtually £92 million within the first switch window and introduced in high-profile gamers like Kieran Trippier and Bruno Guimaraes.

Moreover, Newcastle’s ladies’s workforce was introduced underneath the membership’s umbrella for the primary time in its historical past, going full-time skilled final season and securing back-to-back promotions into the FA Girls’s Championship.

Staveley is predicted to proceed to work with PIF and stay concerned in soccer, not too long ago serving to safe a deal between golf’s PGA Tour and the Saudi Arabia-funded LIV tour. She additionally beforehand helped dealer the £210m sale of Manchester Metropolis in 2008 to Abu Dhabi’s Sheikh Mansour.

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