Amanda Staveley
British businesswoman (born 1973) / From Wikipedia, the free encyclopedia
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Amanda Louise Staveley (born 11 April 1973) is a British business executive. She is notable chiefly for her connections with Middle Eastern investors. She helped a Saudi consortium take over Newcastle United in a deal completed in October 2021 and has joined the board of directors.
Amanda Staveley | |
---|---|
Director of Newcastle United | |
Assumed office October 2021 | |
Chairman | Yasir Al-Rumayyan |
Preceded by | Mike Ashley |
Director of PCP Capital Partners | |
Assumed office 2008 Serving with Mehrdad Ghodoussi | |
Personal details | |
Born | Amanda Staveley (1973-04-11) 11 April 1973 (age 51) Ripon, England |
Spouse |
Mehrdad Ghodoussi (m. 2011) |
Occupation | Financier |
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.[1]
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.[2][3] Staveley was also involved in Mansour's high-profile purchase of Manchester City in September 2008.[1]
Staveley has also attempted on two occasions to buy a stake in Newcastle United, first in 2018 and again in 2020 as part of a group led by Saudi Arabia's sovereign wealth fund, the Public Investment Fund.[4] The takeover was completed on 7 October 2021, with Staveley owning 10% of the club, the Reuben Brothers owning 10% and Public Investment Fund (PIF), Saudi Arabia's sovereign wealth fund, owning 80%.[5]