Wed 10 Jul 2024, 14:30 · Liam Brusby

Newcastle United co-owners set to leave the club after nearly three years

Newcastle United co-owners set to leave the club after nearly three years
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Newcastle United co-owners Amanda Staveley and Merhdad Ghodoussi are set to leave the club after almost three years, according to reports.

Staveley and Ghodoussi fronted the historic takeover of Newcastle back in October 2021 where a consortium which included Staveley's PCP Partners, the Reuben brothers and the Saudi Arabian Public Investment fund.

Since the takeover, they have been two of the key figures at the club attending most of the clubs games throughout their time.

Now, the pair are due to sell their stake in the club.

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Amanda Staveley and Mehrdad Ghodoussi to sell their stake to the PIF or Reubens.

This is something Newcastle fans will be aware of and maybe doubted for some time. The pair have been slowly selling their shares to the other stakeholders at the club.

It has now been reported by Matt Hughes of the Sun that the pair will leave.

According to reports this seems like a natural end for the pair who have been incredibly influential figures at the club during their tenure.

Staveley in particular has been an immensely passionate figure, spending a lot of time with the Magpies women's team, her "passion project" that recently gained promotion to the Barclays Women's Championship.

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How will this affect Newcastle United's finances?

This won't have a major impact on the day-to-day operations at the club, Darren Eales has reportedly taken over Staveley's duties and will continue the work she started.

Financially, the club may benefit from more investment from the Reuben's and PIF who were always known to be the richer party when the club was taken over.

Fans will be disappointed to hear the news of their departure, the pair worked incredibly hard to get the takeover through and have been popular figures on Tyneside throughout their ownership.