Breaking News: Amanda Staveley resigns from ‘Newcastle United’ but no one cares as………

Amanda Staveley has apparently resigned as director from ‘Newcastle United Football Club Limited’, but it’s not what it looks like.

The Newcastle chief played a huge hand in brokering the deal that saw the Saudi Public Investment Fund (PIF) buy the club from Mike Ashley in 2021.

PIF own an 80 per cent stake, while PCP Capital Partners, Staveley’s firm, and Reuben Brothers each took 10 per cent.

Staveley’s stake has now been reduced to six per cent thanks to cash injections by the Saudis and the Reuben family, in a change that has also seen her directorship removed, but not from the one that matters.