Amanda Staveley has announced that she is now working with the Reuben family again to invest in other football clubs.
This comes almost five years after the Newcastle United takeover when she worked alongside the Saudi Arabia PIF and Reuben family.
The consortium buying the club from Mike Ashley for £305m in October 2021 after the then Newcastle United owner had ran the club into the ground.
Newcastle United were at the time facing a third relegation in thirteen Premier League seasons under Ashley’s ownership.
Eddie Howe performing miracles under the new NUFC ownership, somehow turning around the demoralised Steve Bruce squad he inherited and producing the third best form of all Premier League teams in the second half of that 2021/22 season to, in the end, comfortably staying up.
Amanda Staveley eventually leaving Newcastle United in summer 2024.
Now Amanda Staveley has been interviewed in Rome at FII Priority Europe, which is a Saudi Arabia backed conference for ‘investors, policy-makers and innovators’.
Spear’s have interviewed Amanda Staveley and they report: ‘She [Amanda Staveley] said that she and her husband, Mehrdad Ghodoussi, who works alongside her at PCP Capital, were raising money for a ‘new sports and media fund’, which is understood to be targeting around $1 billion. Staveley said she would be working again with Reuben Brothers, the investment firm founded by billionaires David and Simon Reuben and now led by David’s son Jamie.’
The interview with Amanda Staveley going on to detail: ‘Asked if she had any advice for other billionaires eyeing an investment in a football club, Staveley said: “Look, that’s why we’re doing our sports and media fund; so you can get access to those types of deals. I think both my husband and I were attracted to building a business where we can take a brand that isn’t doing so well, a club that isn’t performing well, get it on the right road, and bring that forward. There are very few clubs [where that can] work. If you want to tick every box, there’s actually very few clubs that allow that.”
Amanda Staveley telling Spear’s: “We’ve looked at a lot of clubs, including Tottenham, but we are looking at clubs around the Premier League and the UK, Europe. […] We really want to be buying, going in and investing into a club again very soon.”
Amanda Staveley asked by Spear’s whether she was considering buying West Ham: “Maybe. You don’t know.”