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Welcome On Board Madam Football

By Desmond Ekwueme

Posted  394 Views updated 2 years ago

There's the agelong saying that, What a man can do, a woman can do even better." This may best describe the bold entry of Amanda Staveley into the tasking business of club ownership and management which before her appearance was strictly for men.

Though Newcastle United FC new non-executive Chairman is His Excellency Yasir Al-Rumayyan who led the Saudi Arabia consortium to buy the club from original owner Mike Ashley through the help of Staveley for £300m.

Staveley is 48. She is from New Ripon Yorkshire in England. She will be running Newcastle United as Chief Executive Officer having a share in the deal which she midwived.

Staveley is fronting for a consortium of Saudi Arabia business groups and individuals. But she will be on the driving seat of the affairs of the English Premier League club.

Staveley is fully in charge and she has already hit the ground running by declaring that she would be bringing in world class players to make the Magpies compete among the very best in both the EPL and in Europe.

She has set the tone to achieve this by ear marking a whopping £190m for the acquisition of players by the January transfer window.

She initially hit the tabloid headlines after dating Prince Andrew, Duke of York, in 2003. In October 2011, she married British-Iranian financier Mehrdad Ghodoussi, in a ceremony held at West Wycombe Park in Buckinghamshire. Staveley lives in Dubai and has a house in London's Park Lane.

Staveley is a British businesswoman, notable chiefly for her connections with Middle Eastern investors.

In 2008 Staveley played a prominent role in the investment of £7.3 billion in Barclays by the ruling families of Abu Dhabi and Qatar, and by the Qatari sovereign wealth fund.

Staveley's firm, PCP Capital Partners, acted for Sheikh Mansour Bin Zayed Al Nahyan of the Abu Dhabi royal family, who invested £3.5 billion to control 16 percent of the bank. The deal was reported to have earned PCP Capital Partners a commission of £110 million, which, after paying advisers, represented a profit of £40 million. Staveley was also involved in Mansour's high-profile purchase of Manchester City Football Club in September 2008.

Staveley has also attempted on two occasions to buy a stake in Newcastle United Football Club, first in 2018 and again in 2020 as part of a group led by the Public Investment Fund, Saudi Arabia's sovereign wealth fund.[4] The takeover was completed on 7 October 2021 with Staveley owning 10% of the club alongside Reuben Brothers with PIF owning majority with 80%.

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