Saudis consolidate their grip on Newcastle as Staveley steps away
July 11 – Saudi Arabian control of Newcastle United is set to intensify after it was announced that co-owners Amanda Staveley (pictured) and Mehrdad Ghodoussi are stepping aside.
Staveley Cantervale Holdings acquired a 10% stake in Newcastle when they helped to orchestrate the Saudi Arabian backed £305 million takeover of the club in 2021.
Saudi Arabia’s Public Investment Fund took an 80% stake and Jamie Reuben’s RB Sports & Media the remaining 10%.
The post Saudis consolidate their grip on Newcastle as Staveley steps away appeared first on Inside World Football.