Saudi-led consortium will invest in all areas of Newcastle United FC: Staveley

Amanda Staveley, CEO of PCP Capital Partners, said the Saudi-led consortium will invest in the grassroots of the club. (Reuters)
Short Url
Updated 08 October 2021
Follow

Saudi-led consortium will invest in all areas of Newcastle United FC: Staveley

  • Saudi Public Investment Fund, the British financier’s senior partner in the $408.6 million deal, now owns 80 percent of Newcastle
  • ‘We are incredibly keen to invest in the grassroots of this club,’ Staveley says in the first interview following the 18-month takeover

DUBAI: Amanda Staveley, the British financier who is a member of the Saudi-led consortium that has taken control of Newcastle United Football Club, told Arab News of plans to invest “in all areas” of the club after the 18-month takeover concluded.

“I know that managers and new players and all those exciting things are so important and are at the top of everybody’s agenda at the moment,” Staveley said in her first media interview after the deal was announced.

“Today is not the day to talk about new managers and new players, but what I would say is that we are incredibly keen to invest in the grassroots of this club. It is at the heart of the local community, and we will work with the fans and the community to find out what is best for them and for Newcastle United.”

Staveley, in her role as CEO of PCP Capital Partners, which now owns 10 percent of Newcastle, also spoke of the Saudi Public Investment Fund, her senior partner in the takeover with an 80 percent holding.

“PIF is an autonomous, commercially driven investment fund and I think that it is a great partnership between a great investor and a great club,” she said. “We will finally be able to invest in the club, in its infrastructure and players.”

She was speaking after a whirlwind couple of days during which the logjam surrounding the consortium bid for Newcastle was suddenly brushed aside after resistance from the Premier League, the English football authority, evaporated.

“The logjam was over control, and those issues have been resolved. We would like to thank the Premier League for all of its hard work over the last few months getting us here today, and that is essentially what broke the logjam.”

Staveley first approached Newcastle owner Mike Ashley with a proposal to acquire the club in 2017, but various approaches were resisted until the PIF got involved in late 2019.

“It has taken us four years to get here and we need to just go in and do a full review, both on the football side and the commercial side, and we will come back and make those investment decisions over the near term,” she said.

In addition to around GBP300m ($408.6 million) to purchase Ashley’s shares, the Saudi-led consortium is also committed to spending $340.5 million on the football club and other related facilities in the northeast of England.

“Most important for me is the academy, and to get investment to all areas of the club, from all sides,” Staveley said.


Al-Fateh grab second win on the trot, Al-Taawoun keep up pressure in title race

Updated 30 December 2025
Follow

Al-Fateh grab second win on the trot, Al-Taawoun keep up pressure in title race

  • Al-Fateh win 2 consecutive games for the first time this season and move to 11 points
  • Al-Taawoun grab late winner against last-placed Al-Najma to stay within 4 points of Al-Nassr

RIYADH: Matchday 12 of the Saudi Pro League got underway on Monday with Al-Khaleej hosting Al-Fateh in the first of the evening’s three fixtures.

Despite producing a strong display in a 3-2 loss to Al-Hilal last week, Al-Khaleej lost 1-0 to Al-Fateh, with Matias Vargas scoring the decisive goal.

Al-Fateh’s strategy was clear: Moroccan midfielder Sofiane Bendebka would be flanked by Mourad Batna and Vargas in a fluid attacking set-up, allowing him to drift between a second-striker role and deeper midfield positions.

The free-flowing forwards enabled Al-Fateh to take control of the final third, with Batna cutting in from the right flank proving to be a dangerous asset in Al-Fateh’s arsenal.

That combination paid dividends in the 41st minute, when Batna delivered a diagonal ball across the pitch to find Vargas, who calmly chipped the ball over Anthony Moris to open the scoring.

It marked the Argentinian’s fourth goal in three matches, with his recent form directly contributing six points — more than half of Al-Fateh’s total this season.

Al-Khaleej were unable to replicate the same intensity shown against Al-Hilal, despite the introduction of club top scorer Joshua King after the break and Pedro Rebocho’s marauding role down the left.

Their clearest opportunity came in the 68th minute, when Rebocho squared the ball to Giorgos Masouras only for his effort to hit the post.

Al-Fateh then adopted a more cautious approach, looking to exploit Al-Khaleej on the counter. They nearly doubled their lead in the 88th minute when Vargas teed up Bendebka, but the midfielder’s powerful backheel crashed against the woodwork.

The defeat marks a slowdown for Al-Khaleej after an encouraging start to the campaign, with this being their third consecutive loss, now leaving them on just 14 points from 11 matches.

Elsewhere, Al-Hazem travelled to the capital to face Al-Riyadh, securing a 2-1 victory thanks to goals from Nawaf Al-Habashi and Omar Al-Somah.

The Syrian striker netted his 157th Saudi Pro League goal, extending his lead over Abderazzak Hamedallah at the top of the all-time scoring charts and helping Al-Hazem move further clear of the relegation zone.

In Qassim, third-placed Al-Taawoun edged bottom side Al-Najma in a tightly contested encounter. A late strike from Roger Martinez in the 85th minute sealed a 1-0 win, Al-Taawoun’s ninth of the season, keeping them firmly in the title race.

Pericles Chamusca’s side have exceeded expectations with their stellar start to the season. The Wolves move into second with 28 points, two ahead of Al-Hilal in third and two behind league leaders Al-Nassr, with both sides still holding a game in hand.

It marks the best start to a Saudi Pro League season in Al-Taawoun’s history, a run that continues to surprise in a league filled with established stars.

Matchday 12 on Tuesday starts with Al-Ahli vs. Al-Fayha, followed by Al-Ettifaq vs. Al-Nassr and Al-Okhdood vs. Damac later in the evening.