Finance guru: Newcastle United riding ‘wave of momentum’ as new Amanda Staveley deal agreed
Newcastle United are riding a “wave of momentum” and are right not to upset the applecart in the boardroom.
That is the view of finance expert Doctor Dan Plumley, speaking exclusively to Football Insider about Amanda Staveley’s new deal to continue as director at St James’ Park.
Staveley joined the board after she helped engineer the Saudi Public Investment Fund’s £305million takeover of the Magpies in October last year.
She has since acted as the public face of the new regime alongside her husband and fellow PCP Capital Partners grandee Mehrdad Ghodoussi.
The Times reported last Friday (19 August) that Staveley has now signed a new deal to continue with the club.
Plumley insists that the new deal represents the “way forward” for the Tynesiders.
“So far, it seems to be working well for everyone concerned,” the Sheffield Hallam University expert told Football Insider’s Adam Williams.
“Carrying on that wave of momentum and keeping things the way they are is probably the right way forward.
“With Newcastle, it’s going to be a slow burner. That is partly due to FFP but there are other factors at play as well.
“Having that stability at board level will be helpful because it allows you to really concentrate on what you want to achieve on the pitch.
“This seems like another indication that they are in it for the long run. It is going to take time but things seem to be working okay for everyone
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