Amanda Staveley ‘excited about Newcastle’s future’ after £300m Saudi takeover completed as Mike Ashley reign ends

AMANDA STAVELEY has revealed her excitement after finally spearheading the takeover of Newcastle United.

The 48-year-old has led the Saudi Arabia-backed consortium to the takeover of the Magpies since 2017.

AFP

Amanda Staveley has led the £300m Saudi-backed takeover of Newcastle[/caption]

EPA

The 48-year-old has spoken to long-suffering fans for the first time after the deal was completed[/caption]

And after much wrangling, the mega-connected businesswoman has finally been successful after the £300million deal was given the go-ahead.

The Saudi government lifted its ban on Qatar broadcaster beIN Sports, giving the green light for the takeover to be completed.

That leaves the Saudi Public Investment Fund, chaired by Crown Prince Mohammed bin Salman, owning 80 per cent of the Newcastle.

Now the takeover has been confirmed and Mike Ashley’s miserable 14-year reign owning the North East club is over, Staveley has spoken to the long-suffering Toon Army for the first time.

Staveley, Chief Executive Officer of PCP Capital Partners, said: “This is a long-term investment. We are excited about the future prospects for Newcastle United.

“We intend to instill a united philosophy across the Club, establish a clear purpose, and help provide leadership that will allow Newcastle United to go on to big achievements over the long term.

“Our ambition is aligned with the fans – to create a consistently successful team that’s regularly competing for major trophies and generates pride across the globe.”

The long-wait for Newcastle supporters finally ended just after 5pm today when takeover was confirmed by the Premier League.

A statement read: “The Premier League, Newcastle United Football Club and St James Holdings Limited have today settled the dispute over the takeover of the club by the consortium of PIF, PCP Capital Partners and RB Sports & Media.

“Following the completion of the Premier League’s Owners’ and Directors’ Test, the club has been sold to the consortium with immediate effect.

“The legal disputes concerned which entities would own and/or have the ability to control the club following the takeover.

“All parties have agreed the settlement is necessary to end the long uncertainty for fans over the club’s ownership.

“The Premier League has now received legally binding assurances that the Kingdom of Saudi Arabia will not control Newcastle United Football Club.

“All parties are pleased to have concluded this process which gives certainty and clarity to Newcastle United Football Club and their fans.”

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