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Newcastle co-owners Staveley and Ghodoussi to depart

Two of Newcastle's wealthiest investors are stepping away fromt he Tyneside club.

Newcastle co-owners Amanda Staveley and Mehrdad Ghodoussi

Newcastle co-owners Amanda Staveley and Mehrdad Ghodoussi are set to leave Tyneside, according to the BBC.

The pair claimed a 10% share in the club after helping a Saudi Arabia Public Investment Fund complete a £305million takeover three years ago.

Staveley and Gh0doussi, who are husband and wife, have since seen their shares decrease to 6% as the Reuben family have increased their stakes in Newcastle football club.

But those shares have seemingly now been sold and they will completely cut ties with the Magpies.

Staveley and Ghodoussi hired current head coach Eddie Howe in 2021 and have been instrumental in sanctioning some key signings including the likes of Bruno Guimaraes and Kieran Trippier.

They also oversaw one of Newcastle’s best Premier League campaigns in recent years.

The Magpies finished in the top four in 2022-23 and returned to the Champions League, also reaching the Carabao Cup final in the same year.

Fresh investors are now reportedly being sought but any incomings will likely have a lesser role than their predecessors.

The appointment of Darren Eales as Newcastle’s chief executive and Paul Mitchell as the new sporting director means the more important day-to-day business is now covered.

Picture of Mitch Fretton

Mitch Fretton

Mitch is a freelance sports journalist with experience working for LiveScore, GOAL and Colchester United. He has experience working from both his desk at home and in the press box at games covering the Champions League and international football.