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SportsNewcastle Utd co-owners Amanda Staveley and Mehrdad Ghodoussi set to exit the...

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Newcastle Utd co-owners Amanda Staveley and Mehrdad Ghodoussi set to exit the club

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Newcastle United co-owners Amanda Staveley and Mehrdad Ghodoussi are set to depart from the club.

They originally secured a 10% stake during the Saudi Arabian-backed £305 million takeover in 2021.

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Over time, their share decreased to six percent as the Saudi Arabia Public Investment Fund (PIF) and the Reuben family increased their holdings.

According to BBC Radio Newcastle, Staveley and Ghodoussi have now sold their remaining stake and will be leaving the club.

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The couple has been pivotal in managing the club’s operations since the takeover, which granted PIF an 80% controlling interest in the Premier League team.

During their tenure, Staveley and Ghodoussi appointed Eddie Howe as manager in November 2021, replacing Steve Bruce.

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They also facilitated the signing of key players like Bruno Guimaraes and Kieran Trippier during their first transfer window, helping the club avoid relegation.

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