It’s been a long, arduous wait, but Newcastle United’s Saudi-backed takeover has finally been completed.
News broke on Wednesday that Saudia Arabia is said to be ‘close’ to formally lifting its ban on BeIN Sports in a move that would remove a huge obstacle to the deal.
Fronted by Amanda Staveley, the buyout was wrapped up officially on Thursday.
With that in mind, we’ve gathered everything you need to know about the major players who have been involved in the deal…
Who is involved in the Newcastle United takeover?
While Amanda Staveley is the figurehead, there are a number of parties involved in the potential deal.
The British businesswoman and her company, PCP Capital Partners, have teamed up with property tycoons the Reuben brothers and, most notably, the Public Investment Fund (PIF) of Saudi Arabia, to form a consortium.
It’s move means PIF now own 80% of the club, while PCP Partners and the Reuben Brothers own 10% apiece.
Who is Amanda Staveley?
Staveley has been linked with a potential buyout at St. James’ Park for some time now.
The 48-year-old Yorkshire-born private equity investor previously had a bid to buyout Mike Ashley, believed to be worth around £300 million, turned down in back 2017.
Since then, she has used her close connections in the Middle East to team up with the Saudi PIF for the current takeover attempt.
Staveley is no stranger to football finance either, acting as the fixer in Sheik Mansour bin Zayed Al Nahyan’s 2008 takeover of Manchester City, and also helping to lead an unsuccessful Dubai-led bid for Liverpool in 2016.
Who is Mehrdad Ghodoussi?
The Iranian-born businessman has been married to Staveley since 2011, and has been a vocal presence on social media throughout the protracted takeover saga.
The couple are understood to have met through Staveley’s company, PCP Capital Partners, and Ghodoussi’s commitment to keeping the current buyout attempt in the public consciousness would suggest that he has played an active role in the process.
Who are the Reuben Brothers?
The siblings are self-made billionaires from London, with a massive property empire under their umbrella.
The brothers, David and Simon, were born in India to Jewish-Iraqi parents, and moved to London in the 1950s.
Both left education when they were 17, and started out in business by buying England's oldest carpet company. From there, they moved into property and metal supplies, and would go on to buy up half of Russia's aluminium after the collapse of the Soviet Union.
In recent years, they have turned their attention to property in London, and own a number of the capitals most illustrious buildings.
The Reubens have already started to make investments in Newcastle, and have previously been revealed as the owners of Monument Mall in the city centre, as well as spearheading the nearby regeneration of East Pilgrim Street.
Who is Jamie Reuben?
Jamie Reuben is the son of David Reuben, and a British-based businessman who works in finance and property in his own right.
This includes acting as managing director the 200-year-old Burlington Arcade, which his father and uncle own.
The younger Reuben has previously been on the board at Championship outfit QPR, and is known to rub shoulders with A-list celebrities like Kim Kardashian and Paris Hilton.
In 2019, the businessman donated around £147,000 to the Conservative Party during the General Election and has been pictured with Prime Minister Boris Johnson on a number of occasions.
Reuben is set to inherit his family’s £16 billion fortune in the future.