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How Amanda Staveley sorted Newcastle takeover on £500m mega yacht with Saudi princes
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dailystar.co.ukAmanda Staveley's first acquisition with Saudi Arabia's Public Investment Fund is close to completion. A £300m agreement for Newcastle United has been reached this week, which looks set to end Mike Ashley's 13-year reign.
Talk of a Tyneside takeover has been brewing for a number of years, with fans expecting a buyout from the BZG Group in Dubai last summer.
Staveley has been the financier involved in previous bids for Newcastle. And her attempts to purchase the Magpies took a big step forward last October aboard the megayacht of Saudi Arabia’s crown prince, Mohammed bin Salman.
The businesswoman and her husband were among the party, along with Yasir al-Rumayyan, head of Saudi Arabia’s sovereign wealth fund - according to the Financial
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