Revealed: Shock Lee Charnley development at Newcastle
Amanda Staveley’s Saudi-backed consortium are to ask Lee Charnley to stay on at Newcastle United, Football Insider understands.
The long-standing executive has been managing director of Newcastle since 2014 after rising through the ranks of the club where he has spent virtually his entire professional life.
A United source has told Football Insider that the club’s prospective new owners have taken the surprising decision to request of Charnley that he remains in his post initially.
They want him to coordinate the handover and maintain dialogue with the Premier league and other ruling bodies over Covid-19 and how it affects the club.
Charnley is a hugely experienced executive who knows the inner workings of Newcastle better than anyone and is regarded as a ‘safe pair of hands’ by the owners in exceptional circumstances and uncertain times.
It may well be that he would stay on only temporarily or that he would reject the opportunity to maintain day-to-day control of the north-east giants.
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Keeping Charnley on would be regarded as a major surprise in some quarters, given he is widely regarded by supporters as a ‘puppet’ of unpopular owner Mike Ashley.
That disregards Charnley’s immense experience and knowledge of Newcastle, something the new owners do not want to do.
He has been at Newcastle 20 years and a director of the club since 2008, and has also held the key post of club secretary.
The Premier League is in the process of ratifying a proposed £300m takeover of the club by Staveley’s consortium, which includes Saudi’s Crown Prince, Mohammed bin Salman.
Saudi Arabia’s Public Investment Fund (PIF) will acquire an 80 per cent stake, with Staveley’s PCP Capital Partners taking 10 per cent and the Reuben brothers the other 10 per cent.
They are planning a huge investment in new signings and upgrades of the training ground and academy.
In other Newcastle United news, details of the stunning overhaul have been revealed in the 350-page dossier sent to the Premier League.