Newcastle United co-owners Amanda Staveley and Mehrdad Ghodoussi are reportedly set to leave the club after three years.

According to the BBC, the husband and wife duo have sold their stake in the Premier League club and will leave ahead of the 2024/25 season.

Stavley and Ghodoussi acquired a 10% stake in Newcastle when they facilitated the £305m Saudi Arabian-backed takeover of the club in 2021, marking the conclusion of Mike Ashley’s 14-year ownership.

The deal captured the footballing world’s attention by catapulting Newcastle into the ranks of the wealthiest clubs. Stavley played a pivotal role in securing the sale, leading the consortium to success.

Under the initial agreement, the couple held a 10% stake, while Saudi Arabia’s Public Investment Fund (PIF) held 80%, with the Reuben family also having a stake in the ownership structure.

Earlier this year, there were indications of this shift in ownership dynamics. Staveley and Ghodoussi reduced their stake from 10% to 6%, while PIF and the Reuben family increased their respective shares.

Staveley and Ghodoussi have played a crucial role in improving the team’s performance. They hired manager Eddie Howe in November 2021 to replace Steve Bruce, with the aim of bolstering the team and securing its survival in the league.

Since then, their strategic approach has yielded success, culminating in the club achieving Champions League status, although it failed to qualify for this season.

Off the pitch, Newcastle has been actively forging partnerships with several prominent brands and companies, further solidifying the impact of the recent ownership shift, and has recently announced plans to expand St James’ Park. 

Although It is unclear who the pair have sold their shares to at this time, Staveley is expected to continue her work with PIF and remain involved in the business side of football. 

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