Amanda Staveley has revealed she is collaborating once again with Jamie Reuben as she pursues the acquisition of another football club, aiming to apply lessons learned from her tenure at Newcastle United.
Staveley and her husband, Mehrdad Ghodoussi, became co-owners of Newcastle in October 2021 through their company PCP Partners, alongside the Reuben Brothers and Saudi Arabia's Public Investment Fund (PIF). The consortium revitalized Newcastle, transforming it into a top Premier League contender after ending Mike Ashley's 14-year ownership. However, Staveley and Ghodoussi exited the club in summer 2024 when PIF purchased their shares, though Jamie Reuben remains on the board.
The Ripon-based financier has been exploring a return to club ownership and has been linked with potential takeovers of Tottenham Hotspur and West Ham United in recent months. Now, she has confirmed that PCP and the Reuben Brothers are jointly establishing a new global fund to invest in a club, seeking to replicate the journey they experienced at Newcastle.
"Our main focus has been on the raising of our new sports and media fund and investing that money," Staveley said. "It’s a global fund. We’ve got some fantastic general partners. We’ve got the Reuben Brothers with us again which is really exciting."
"We’re very proud of the work we did with PIF that we did with Newcastle and we’re trying to kind of replicate that journey. So we’re looking for really opportunistic assets that you can buy well, invest well, eventually exit which is always a difficult subject."
Staveley emphasized the importance of football success as the primary driver for any investment. "The biggest thing that drives football is football success. So with Newcastle, at the fundamental basis of that deal, was to make sure we could get the right football [results] and that’s really hard. Anyone going into football, I can tell you it’s really tough. It’s hard work, it is exhausting - there are great highs and great lows but you’ve got to get the buying right, you’ve got to get the selling right, you’ve got to get the investment right."
When asked about interest in Tottenham, Staveley downplayed any lingering pursuit but did not rule out a move for West Ham, which has faced turmoil amid accusations involving co-owner David Sullivan. "We've looked at a lot of clubs including Tottenham, but we are looking at clubs around the Premier League and the UK, Europe and you know we're hoping and we really want to be buying and going in and investing into a club again very soon hopefully," she told Spear's Magazine. "There's some amazing clubs around."
Staveley added, "Both my husband and I were attracted to building a business where we can take a brand that isn't doing so well, a club that isn't performing well, get it on the right road and bring that forward. And that means there are very few clubs that work if you want to tick every box."
