Amanda Staveley’s links to investing in Tottenham Hotspur have been slammed following her departure from Newcastle United
Staveley’s resignation from Newcastle United was revealed on July 12 with 5% of her 5.7% share being taken by majority owners the Saudi Arabian Public Investment Fund and the remaining 0.7% has gone to RB Sports & Media. PIF’s ownership presently stands at 85% and RB Sports & Media’s is 15%.
According to reports, Staveley’s PCP Capital Partners has secured £500 million to invest in football, with many teams being considered. As per the report by Bloomberg, Staveley and Rothschild & Co. have initiated preliminary talks over Staveley’s acquisition of a minority share in Spurs.
However, financial analyst Stefan Borson has criticized the report as “nonsense” and questioned Staveley’s ties to Spurs.
According to Football Insider, Borson stated, “It sounds like nonsense to me.” “It doesn’t seem possible that she would go from being a major influence at Tottenham to being a major minority.”
“Everyone in the football world is aware that Tottenham may be purchased for a fair price or is open to investment. However, their expectations for value are quite high, maybe eight or nine times higher than what Staveley and PIF paid for Newcastle.
“I find it highly improbable that she left Newcastle at the price she did, given her obvious influence there, and that she will just take on a very small role at Spurs.”
Borson also previously suggested Staveley’s departure may have been due to the financial commitments needed at Newcastle.
“I don’t know the arrangement in terms of how they exit,” he admitted. “They have been diluted down over time and will continue to be diluted down.
“Newcastle are substantially a loss-making club on an operating level and that will continue for the foreseeable future.
“Each year that goes by, they will need investment from the parent company. I suspect Staveley and her husband [Mehrdad Ghodoussi] were not in a position to continually put up their share of the equity required every time there is a funds raise.
“At some point, they are just going to keep getting diluted down and they will eventually become irrelevant in the mix.
“I don’t know the extent to which this was all planned in the first place, but they will have always known they were going to get diluted down over time because Newcastle are going to require a huge amount of investment for quite some time before it could be even close to self-sustaining.”
Newcastle has undergone significant changes behind the scenes so far this summer. In addition to Staveley and Ghodoussi’s departure, sporting director Dan Ashworth has been replaced by Paul Mitchell while James Bunce has been appointed as the club’s new performance director.
Brad Miller has also joined the club as chief operating officer with chief executive Darren Eales confirming the club’s ‘c-suite’ team is in place to take care of the day-to-day running of the football club.
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