“Newcastle United: Navigating Change Amidst Boardroom Transitions”
Newcastle United are reportedly in discussions regarding a financial settlement with Amanda Staveley following her departure from the boardroom at St James’ Park. Despite the lack of a public statement since the news emerged yesterday, fans have taken notice. Staveley and her husband Mehrdad Ghodoussi have ended their association with the club and the Saudi-backed Public Investment Fund, reducing their ownership stake from 10% to 6%. The majority shareholders are expected to absorb their shares.
The process of reaching a settlement will unfold as the departing directors and co-owners exit three years after the initial takeover. Meanwhile, the team has resumed pre-season training, with senior players like Joelinton and Joe Willock returning alongside new signings Odysseas Vlachodimos, Lloyd Kelly, and John Ruddy. Manager Eddie Howe also returned to oversee preparations for the upcoming 2024/25 season.
Looking ahead, Newcastle will embark on pre-season in Germany next week, with their first summer match scheduled against Hull City at the end of this month. According to reports on Chronicle Live, CEO Darren Eales will step into a prominent role as the public face of the boardroom, handling day-to-day operations at St James’ Park and maintaining communication with supporters eager for insights into the new board’s workings.