Newcastle United ownership change confirmed as Amanda Staveley's stake is reduced

The structure of Newcastle United's ownership has altered as Amanda Staveley reduces her stake.

Despite serving as a central figure in the Magpies' new era, the co-owner's stake has gone from 10% to 6% with the Reuben family increasing theirs from 10% to 14%.

Saudi Arabia's Public Investment Fund own the majority of the club with an 80% stake. This remains unchanged.

The club's accounts show since buying the club from Mike Ashley in 2021, the ownership group have invested over £120m into United.

Staveley was integral to Newcastle United's takeover and- as shown in the Amazon documentary- she and her husband Mehrdad Ghodoussi are very involved in the business dealings of the club.

Earlier this month, however, the Magpies reported a 39% increase in revenue but an after-tax loss of £73.4million which was mostly driven by recruiting the likes of Alexander Isak, Sven Botman and Anthony Gordon in the transfer market for a total of £153m, as well as investing £23.4m into the fixed assets such as St James' Park and the training ground.

“Forty per-cent year-on-year growth since the takeover, it’s vast year-on-year growth," said CEO Darren Eales. "We have got the positive tailwinds of Sela front of shirt, Champions League money, Adidas coming in June which will be a big jump for us as we can control our own retail and merchandise which hasn’t been the case before.

"The reality is that with the performances we have had on the pitch and the buzz around the club we are seeing more and more commercial partners wanting to become part of this journey. It’s a snowball going down a hill. As we are doing better on the pitch it is helping us with commercial partnerships.

"We are excited about the trajectory but we have still got grounds to make up. £710m at Man City, Spurs £444m in their last accounts, so we know we have got lots to do.

"But the exciting this is we have an ownership that is committed and supportive, and we are an amazing one city, one club. We have the pieces in place that’s going to give us that future growth. We just need to be as quick and efficient as we can to get to where we want to be.”