Financier Amanda Staveley is ‘set to make a sizeable investment in Tottenham Hotspur using Middle Eastern money’ just three months after she departed rivals Newcastle United.
The 51-year-old helped push through Saudi Arabia’s Public Investment Fund’s £305million takeover of Newcastle in October 2021, with the help of husband Mehrdad Ghodoussi.
The pair handled the day-to-day running of the Premier League club during that time with Staveley maintaining a ten per cent stake.
She left Newcastle in July this year after overseeing a resurgence in the side’s fortunes which featured stars such as Bruno Guimaraes arriving at St James’s Park. The financier later admitted she was ‘devastated’ following her exit.
Now Staveley has paved a way back into the Premier League, the Mirror reports, as she lines up a stake in Spurs just days after being spotted in the stands for their 3-1 home win over Brentford.
Financier Amanda Staveley is reportedly ‘set to make a sizeable investment in Tottenham Hotspur using Middle Eastern money’
The 51-year-old helped push through Saudi Arabia’s Public Investment Fund’s £305million takeover of Newcastle in October 2021, with the help of husband Mehrdad Ghodoussi
She left Newcastle in July this year after overseeing a resurgence in the side’s fortunes
The north London side are in the hunt for new money as one-time majority stakeholder Joe Lewis’s influence at the club declines.
Staveley and Ghodoussi are expected to buy up some of Lewis’s shares which are now held in a family trust.
A source close to the deal said: ‘Amanda is serious about being involved with Spurs, and is hoping that an initial purchase can be completed within weeks.’
The financier is using Middle East money once more after overseeing the PIF’s takeover on Tyneside.
Staveley has been cagey about a return to football and told The Athletic: ‘My preference would have been to stay with Newcastle, but life doesn’t always work out exactly how you want it to. Nothing is going to replicate that.
‘I fell in love with Newcastle, the club and the people and that can’t change, but I didn’t want to get in Newcastle’s way. It’s got to be about what’s best for Newcastle.
‘Mehrdad and I are keen to be hands-on. We’re hard-working people, I love to be very busy and to engage and I love football. Very sadly, we have to move on to other projects and that might involve us taking a stake in another club or buying another club and that’s difficult. But it’s possible.’
Staveley’s appearance at the Tottenham Hotspur Stadium last week, as a guest of Spurs chairman Daniel Levy, accelerated rumours that she was setting up a ‘fresh’ consortium of investors and ‘hoped to take an initial stake in Spurs’.
Newcastle signed the likes of Brazilian star Bruno Guimaraes under the new ownership
Staveley made an appearance at the Tottenham Hotspur Stadium last week, as a guest of Spurs chairman Daniel Levy, as the home side beat Brentford 3-1
The north London side are in the hunt for new money as one-time majority stakeholder Joe Lewis’s influence at the club declines
Forbes state that Spurs are currently valued at around £2.42billion ($3.2bn). Should Staveley wish to purchase a 25 per cent stake in the club it would cost approximately £605m. The 51-year-old has reportedly already raised £500m through her investment fund PCP Capital Partners.
The outlet adds that the investors will subsequently look to increase their stake in the north London outfit.
Tottenham were purchased by ENIC Group (English National Investment Company), in 2001, with Joe Lewis’s family trust becoming the club’s new majority owners.