Saudi Arabia’s Public Investment Fund (PIF) has increased its ownership stake in Newcastle United from 80% to 85%, while RB Sports and Media now holds the remaining 15%. This shift marks the exit of co-owners Amanda Staveley and Mehrdad Ghodoussi. Initially, Staveley’s company, PCP Capital Partners, held a 10% stake, which was reduced to 6% last year when RB Sports and Media increased its stake from 10% to 14%.

The deal, expected to be finalized this month, aligns with PIF and RB’s long-term strategy to develop the club and ensure it remains a strong competitor in both domestic and European competitions. The Newcastle United board expressed gratitude to Staveley and Ghodoussi for their pivotal roles in acquiring the club from former owner Mike Ashley and their efforts in laying the groundwork for long-term success over the past two and a half years.