Newcastle United part ways with two owners after three years in-charge

Newcastle United have announced that they would be parting ways with two of the shareholders after they decided to relinquish their stake in the club.

Saatvik Oberoi
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The co-owners of Newcastle United, Mehrdad Ghodoussi and Amanda Staveley, are expected to depart the team. When they assisted in arranging the £305 million takeover of Newcastle, which was supported by Saudi Arabia, in 2021, they acquired a 10% stake in the team.

Since then, the husband and wife's portion has dropped to 6% while the Reuben family and Saudi Arabia's Public Investment Fund (PIF) have boosted their own holdings. According to reports, Staveley and Ghodoussi will be leaving the club after selling their remaining shares.

Since the acquisition, which granted PIF an 80% majority stake in the English Premier League team, the two have played a crucial role in the day-to-day operations of the organization.In order to assist the team avoid relegation, Staveley and Ghodoussi appointed coach Eddie Howe in November 2021 to succeed Steve Bruce. In their initial transfer window in charge, they also acquired players like Bruno Guimaraes and Kieran Trippier.

When the new investors took over Newcastle from the much-maligned Ashley, the team was ranked 19th. Eddie Howe took over as manager when Steve Bruce was fired, and since then, transactions have cost over £400 million.

After Staveley assumed a leadership position in the team during their first complete season as owners, Newcastle ended fourth in the English Premier League in 2022–2023. For the very first time since 2003, that guaranteed the club football in the UEFA Champions League.

Arsenal set their eyes to sign Newcastle United midfielder

To strengthen their midfield, Arsenal is looking to acquire a cult hero from Newcastle United.

According to reports, the manager, Mikel Arteta, is looking to acquire a midfield player this summer. Bruno Guimaraes, who is now playing for Newcastle, is seen to be the best choice among both Gunners and Manchester City.

Though another Newcastle favorite might join in his place, the Brazilian's £100 million release clause from the Magpies has just expired, potentially causing him a more inexpensive choice than he would have been before. The Brazilian is now potentially a more inexpensive alternative than he was before his £100 million release clause with the Magpies expired.



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