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Newcastle confirm exit of Staveley and Ghodoussi

Newcastle United co-owners Amanda Staveley and Mehrdad Ghodoussi have agreed to sell their shares and leave the club.

They took a 10% stake in Newcastle when they helped to orchestrate the Saudi Arabian-backed £305m takeover of the club in 2021.

The husband and wife's share has since decreased to 6% as Saudi Arabia's Public Investment Fund (PIF) and the Reuben family have increased their own holdings.

Staveley and Ghodoussi will now sell their remaining share in the club to PIF and the Reuben family, giving them 85% and 15% stakes in the club respectively.