Amanda Staveley is set to leave Newcastle United, according to Craig Hope.
She and her husband played a key role in Newcastle’s takeover by the PIF in 2021 and have been co-owners of the Magpies for the past three years.
According to the Daily Mail, their six per cent share will be transferred to either Saudi Arabia’s Public Investment Fund or the Reuben family.
Staveley was heavily involved with the club’s day-to-day running. PIF currently owns 80 per cent of Newcastle, but Reubens’ share has increased.
After the co-owners invested more money in the club, Newcastle decided it was high time to take the rest of the shares from Staveley.
Hope wrote on X: “I understand this will bring their involvement with the club to an end.
“The pair have been transformative in making the takeover happen & then taking NUFC into the Champions League within 19 months.”
Despite the fact that they didn’t stay long at Newcastle, the fans will always remember their efforts in ending Mike Ashley’s unpopular ownership.
They played a crucial role in brokering the £305million buyout backed by the Saudi investment firm.
Under their leadership, they qualified for the Champions League, reached the finals of the Carabao Cup and became a strong Premier League team once again.
They appointed Eddie Howe and brought players like Anthony Gordon, Bruno Guimaraes and Alexander Isak among others.
However, as their stakes at the club diminished, it was inevitable that they would have to sell their shares at some point.
Newcastle have done well in the transfer market so far. They were facing the threat of point deduction had they failed to comply with the PSR rules.
The Magpies sold Elliot Anderson and Yankuba Minteh, and it allowed them to stay within the financial rules. The club can now look to spend big in the summer window.
