When they assisted in arranging the £305 million takeover of Newcastle, which was supported by Saudi Arabia, in 2021, they acquired a 10% stake in the team.
Since then, the husband and wife’s portion has dropped to 6% while the Reuben family and Saudi Arabia’s Public Investment Fund (PIF) have boosted their own holdings.
According to the news, Ghodoussi and Staveley have already sold their remaining shares and are set to depart from the team.
Since the takeover, which granted PIF an 80% controlling ownership in the Premier League team, the two have played a crucial role in the day-to-day operations of the organization.
In November 2021, Staveley and Ghodoussi signed manager Eddie Howe to succeed Steve Bruce.
