Newcastle shareholder backed by Saudi funds to buy stake in Tottenham

Newcastle shareholder backed by Saudi funds to buy stake in Tottenham

The Sun reports that Amanda Staveley, a small shareholder in Newcastle, is getting “huge funds” from the Middle East to buy a stake in Tottenham Hotspur.

An insider involved in the negotiations told British media that the former Newcastle shareholder had “huge funding” from Middle Eastern billionaires.

Born in April 1973, Staveley, 51, is a British businesswoman who has worked closely with funds from Qatar, Saudi Arabia and other regions. She was previously a partner in the SWF (Sovereign Wealth Fund) and PIF (Saudi Public Investment Fund). In October 2021, Staveley helped the PIF fund acquire a stake in Newcastle United. At that time, she held a 10% stake, but her stake has since been reduced following subsequent transactions.

Currently, Staveley has assembled a new financing team hoping to acquire about 25% of Tottenham. Forbes values Tottenham at around £2.42 billion, and acquiring a quarter of the club could cost around £650 million.

Tottenham are open to such investment. ENIC currently holds 86.58% of Tottenham, and club chairman Daniel Levy could also be involved in the deal.

In 2008, Staveley helped broker a deal for Sheikh Mansour of Abu Dhabi to buy Manchester City for £210 million.

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