Amanda Staveley set to leave Newcastle and sell her shares

• Amanda Staveley played a key role in Newcastle’s takeover by the PIF in 2021
• Staveley and Mehrdad Ghodoussi have been major powerbrokers at the club
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Amanda Staveley and Mehrdad Ghodoussi are set to leave Newcastle United after nearly three years as co-owners of the club.

Mail Sport understands their six per cent share will be sold to one of, or both, Saudi Arabia’s Public Investment Fund and the Reuben family. 

The husband-and-wife team will cease to have a day-to-day involvement with the club.

PIF currently owns 80 per cent of Newcastle, while the Reubens’ share has increased from 10 per cent to 14 per cent since the 2021 takeover. 

Staveley and Ghodoussi’s stake has decreased from an original 10 per cent as their co-owners injected more capital into the club.

But they will leave behind a legacy of ending Mike Ashley’s unpopular ownership of Newcastle. It was Staveley who brokered the £305million buyout, backed by Saudi investors and the Reubens.

She and Ghodoussi then acted as de-facto chief executives and sporting directors during the early months of the new-look Newcastle. 

They appointed Eddie Howe as manager, signed the likes of Bruno Guimaraes and Kieran Trippier and avoided relegation in the first season.

In the second campaign, Newcastle reached the Champions League for the first time in 20 years and made the final of the Carabao Cup. They also broke the club’s transfer record with the £63m signing of Alexander Isak.

But their diminishing stake always meant it likely that they would sell their shares at some point. A club statement is now expected confirming the news.