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Interesting snippet at the bottom here that the club own “Malting Pictures Limited”, which appears to be a film production company. Better content coming soon?

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5 minutes ago, Jack27 said:

Interesting snippet at the bottom here that the club own “Malting Pictures Limited”, which appears to be a film production company. Better content coming soon?

Adult films as a side hustle.

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1 hour ago, Nucasol said:

Adult films as a side hustle.

 

Stick them in a dead man's coffin to get them across the border.

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Not directly related to us, but here is an advert that is being shown in Saudia Arabia now, and a MENA based journalists view/observation of it, showing society progress in Saudia Arabia.

 

 

 

 

Edited by Stifler

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Newcastle bombshell as Amanda Staveley is set to QUIT less than three years after £300million Saudi takeover of club

 

AMANDA STAVELEY is set to quit her role at Newcastle this summer after three years leading the club.

 

The 51-year-old played a key role in Newcastle's Saudi takeover which resulted in her taking a ten per cent share in the club.

 

Chairman Yasir Al-Rumayyan is now expected to run the club without Staveley on the board.

 

Staveley stayed on to become a major power broker at St James' Park and has been the public face of the Saudi owners since 2021 - but she could now sell her shares.

 

As recently as April, the chief held key talks with Manchester United owner Sir Jim Ratcliffe over the release of sporting director Dan Ashworth.

 

Newcastle eventually received a compensation payment last month.

 

She is popular with the fans at Newcastle as she often spent time meeting and drinking with them, along with husband and co-owner Mehrdad Ghodoussi.

 

And she also represented the club at Premier League meetings where she was forceful presence, with Newcastle often opposing rule changes introduced by the league such as including restrictions on sponsorship deals.

 

Saudi Arabian's Public Investment Fund paid £300m for 80 per cent of Newcastle in 2021 in a surprise move that has transformed its fortunes and fundamentally changed the Premier League.

 

Staveley received ten per cent of the shares as payment for her involvement in the deal.

 

Although this stake has since been reduced as she sold some shares to the Reuben brothers, Jamie and David. 

 

The British businesswoman is unlikely to be replaced on Newcastle's board in the short-term.

 

The Saudis appointed Darren Eales as the club's chief executive two years and he is already undertaking many of her original responsibilities.

 

Staveley has been involved in several high-profile court cases since arriving at Newcastle.

 

In April, she was ordered by the High Court to pay £3.4m to Greek shipping magnate Victor Restis.

 

While in 2021, she lost another High Court case against Barclays after suing the bank for £830m in damages over alleged fraud during the 2008 financial crisis.

 

Since Staveley's arrival, Newcastle qualified for the Champions League last season - but crashed out in the group stages.

 

They also made their first cup final in 24 years in February last year - but lost at Wembley to Man Utd.

 

 

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Woeful source, but it'd be quite a ballsy thing to post as a pure lie and you'd imagine a dismissal from Staveley would be pretty swift if it is inaccurate.

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1 minute ago, Rich said:

Woeful source, but it'd be quite a ballsy thing to post as a pure lie and you'd imagine a dismissal from Staveley would be pretty swift if it is inaccurate.

Aye worst source possible but it makes sense. Her shares are being diluted all the time and she has bills to pay. Ultimately it’s an investment for her. 

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Not liking the sound of that tbh. Stavely is the link between the fans and the owners, she's done a great job of providing a public face for us.

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Are we reaching a point where PCP can no longer contribute the capital required by their stake in terms of stadium/training ground developments, maybe?

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Surely she'd stay on in some sort of paid role, if it is true? Would seem mad for her to just disengage completely.

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Just now, Rich said:

Are we reaching a point where PCP can no longer contribute the capital required by their stake in terms of stadium/training ground developments, maybe?

Without a doubt, they have no money at all. (Relatively speaking in comparison with the other share holders). 
 

The direction of the club has always been in the hands of the Saudi AS is just the front lady. 

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I think she always said that she wouldn't be around for too long, it's reached the point where she can't continue to put money into the club & her share is diluting massively. 

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It would be a shame but her shares have been diluted a fair bit, I wonder if her health is more of a driving factor than actually wanting to leave.

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6 minutes ago, Super Duper Branko Strupar said:

This is odd.

 

Is it? I'm pretty sure it has always been absolutely nailed on that she would sell her shares in the club. She is not rich enough to hold such a significant stake as the club grows - hence the gradual dilution of her stake even up to now.

 

I'd imagine there's a pretty good chance she retains some kind of role going forward in the club even when she sells.

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Newcastle United co-owners Amanda Staveley and Mehrdad Ghodoussi are to leave the club after three years at St James’ Park.

Staveley, 51, played a key role in orchestrating the Saudi Arabia Public Investment Fund’s (PIF) purchase of an 80 per cent stake in Newcastle for £300million (now $379m) in 2021, helping bring to an end Mike Ashley’s 14-year ownership of the club.

As part of that deal, she acquired a 10 per cent stake in Newcastle, having made three failed attempts to buy the club from Ashley in 2017. The Reuben family also bought a 10 per cent share. The Premier League faced criticism for approving the Saudi-backed takeover, including from Amnesty International who called it “an extremely bitter blow for human rights defenders”.

Staveley and her co-owners completed their takeover with Newcastle 19th in the Premier League table and with the financier predicting they could win the title within five to ten years. They sacked Steve Bruce as manager five weeks later and subsequently appointed Eddie Howe, who guided the club to safety in 2021-22.

After years of underinvestment, Newcastle spent around £92 million in the first transfer window post-takeover, more than any other club in Europe, with Staveley and Ghodoussi instrumental in bringing in high-profile players like Kieran Trippier and Bruno Guimaraes.

In their first full season as owners, Newcastle finished fourth in the Premier League in 2022-23 to secure Champions League football for the first time since 2003. They also reached the League Cup final, eventually losing out to Manchester United.

Last season, which was hampered by injuries and Sandro Tonali’s 10-month suspension for betting offences, they finished seventh, narrowly missing out on a return to European competition.

Their tenure has featured numerous highlights, from smashing their transfer record to sign Alexander Isak from Real Sociedad for £60 million two years ago and a £10 million spend on improving Newcastle’s training ground, to a remarkable 4-1 victory over Paris Saint-Germain in the Champions League.

Newcastle’s women’s team was a passion project for Staveley and was brought under the club’s umbrella for the first time in its history. They went full-time professional last season and secured back-to-back promotions into the FA Women’s Championship.

After being stripped back under Ashley, Newcastle now have a more rounded corporate structure, with Darren Eales in place as chief executive and Paul Mitchell recently replacing Dan Ashworth as sporting director. All parties have reluctantly concluded that the time is right for Staveley and Ghodoussi to step back and sell their shareholding and for the club to move on.

A Companies House update earlier this year showed that Staveley’s stake has been diluted to six per cent, with the Reuben family’s shares increasing.

In March, questions were raised about Staveley’s future at the club after filings on Companies House showed she had resigned as a director from 20 Newcastle-related companies. However, she quickly moved to assuage any doubts about her role at the club.

“The changes made… were purely administrative, to non-trading subsidiaries,” she wrote on Instagram. “After the takeover, Jamie (Reuben) and I stepped in as directors of all companies until we could build an executive team. We remain on the ‘top-co’ and the board.”

Staveley featured heavily in the We Are Newcastle United Amazon documentary last August and recently helped secure a deal between golf’s PGA Tour and the Saudi Arabia-funded LIV tour. She is expected to continue to work with PIF and remain involved in football.

She also previously helped broker the £210m sale of Manchester City in 2008 to Abu Dhabi’s Sheikh Mansour.

 

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