Newcastle United announce ‘closely aligned’ boardroom change as PIF plan global domination
Newcastle United have confirmed Jacobo Solis as the club’s latest power-play appointment.
A hectic time at St James' Park has resulted in a major reshuffle at boardroom level. Most notably, Amanda Staveley and Mehrdad Ghodoussi sold their remaining shares as minority owners.
Brad Miller was appointed as Chief Operating Officer and is playing a hands-on role with the ongoing stadium dilemma. Roger Thornton, a North East native with close ties to the Reuben family, joined the panel in October.
On the playing front, Dan Ashworth left as sporting director and was succeeded by former Monaco supremo Paul Mitchell. Newcastle have now announced Solis, a Spanish national and former investment banker, as the latest cab off the rank.
A club statement confirmed Solis - a PIF employee - has already been closely associated with the Magpies since the 2021 takeover. The announcement read: “Newcastle United today announced the appointment of Jacobo Solis to the club's Board of Directors. Solis is Head of Europe Direct Investments in the International Investments Division at PIF.
“He has been directly involved with Newcastle United since the acquisition of the club by an investment group led by PIF in October 2021 and is closely aligned with the club's strategy and plans for the future.
“Prior to joining PIF, Solis worked as an investment banker in the United States, and prior to that, as a lawyer in his native Spain. He also sits on the boards of LIV Golf, E1 Series, the all-electric powerboating championship, and POSCO E&C, the South Korean engineering company, all of which have received investment from PIF. Solis' appointment will further strengthen the Club's board of directors and follows that of Roger Thornton in October 2024.”