Amanda Staveley has expressed her huge disappointment after the Saudi-backed consortium she was involved in pulled out of a deal to buy Newcastle United.

The consortium, led by Saudi Arabia’s Public Investment Fund, agreed a £300m deal to purchase the club from current owner Mike Ashley in April.

But after the deal was scrutinised by the Premier League it was announced on Thursday that their offer had been withdrawn.

Speaking to The Athletic, Staveley could not hide her sadness at the fact the move had broken down.

“I’m absolutely devastated,” she said. “I’m so upset, I don’t know how to express it. I’m heartbroken. I can barely speak. I believe we weren’t just the right partners for Newcastle, we were the only partners.

Amanda Staveley has clearly been hugely affected by the takeover breakdown
(Image: FACUNDO ARRIZABALAGA/EPA-EFE/REX/Shutterstock)

“We had a plan for £250 million of investment in the club over the first few years, as much as we could put in. And on top of that, we had massive plans to invest in the city, in housing, everything.

“We talked with the council. Newcastle are the last great untapped club. The last great club with so much potential to grow and improve and with a fanbase who were already there and who wanted it so much.”

Staveley believes the Newcastle are in desperate need of new, ambitious owners, and thinks they would have been the right people to take the club forward.

Mike Ashley looks destined to continue as Newcastle owner
(Image: Action Images via Reuters)

“I fell in love with Newcastle,” she added. “I fell in love with the passion, the fans. It was just this incredible club. And I knew that with investment and nurturing it could become even better.

“It needed TLC. It needed a patient owner. It desperately needs investment. That day we first walked into St James’ … it felt like we had come home. We knew what they needed. We wanted it, too. And I know we could have done it.”

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