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Newcastle co-owners Amanda Staveley and Mehrdad Ghodoussi to leave club in bombshell development

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It comes after they had played an instrumental role in bringing the Saudi Arabian investment on board in the first place, which has seen the Magpies trouble Liverpool towards the business end of the Premier League table.

The pair, who were pivotal in brokering the Saudi-backed takeover that saw the end of Mike Ashley's 14-year reign at St James' Park, have seen their influence wane.

The Saudi Arabian Public Investment Fund (PIF) holds an 80 per cent stake in Newcastle, with Staveley's share having been reduced to less than 10 per cent earlier this year.

Despite previous speculation, Staveley had dismissed rumors of her resignation from the club earlier this year, stating: "Just arrived back from Saudi and noticed a lot of messages from fans concerned that I had stepped down from my role as a Director of Newcastle United.

The north-east outfit finished fourth in the 2022/23 Premier League season, denying Liverpool the final Champions League spot.

However, following the appointments of sporting director Dan Ashworth (who has since moved on to Manchester United) and CEO Darren Eales, Staveley's role seemingly diminished.

Amanda Staveley is reportedly on her way out of Newcastle United.

Following the recent appointment of new sporting director Paul Mitchell, Staveley has reportedly stepped down from her role at Newcastle United altogether.

Despite only ever being a minority owner, Staveley was often the public face of the Newcastle investment group, which has repeatedly come under scrutiny since its arrival in the league.

There are big-picture questions about state involvement in football clubs, ones which Staveley arguably helped to sidestep in her position as a private investor
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