Newcastle part owner and Liverpool fan, Amanda Staveley has spoken publicly on why she decided to purchase Newcastle instead of Liverpool.
At the Financial Times’ Business of Football Summit, Staveley said: “We didn’t go for a wonderful Tottenham, and a Chelsea and a Liverpool.
“Everybody knows I was a massive Liverpool fan, we tried to buy Liverpool but when we walked into a Newcastle game we thought why spend ‘x’ billion when you can spend £300m?
“I love the valuations at Chelsea (£2.5bn sale in 2022) as it makes our valuation look very compelling.”
Staveley was also asked on whether the Saudi sovereign wealth fund, PIF is interested in buying Manchester United.
She went on to say, “I don’t think so, I can’t speak for PIF but what we’ve built in the last 12 months has been extraordinary.”
Staveley first made the headlines in 2008 when she was a leading figure in Dubai International Capital’s (DIC) attempt to buy Liverpool.