Amanda Staveley (right) was in attendance when new head coach Eddie Howe faced the media for the first time on Wednesday
Newcastle co-owner Amanda Staveley says buying the club is a “risk” because “there is always a chance of relegation”.
Staveley and co-owners, the Reuben brothers and the Saudi Arabian Public Investment Fund, took over former owner Mike Ashley five weeks ago.
But the club is 19th in the Premier League, five points away from safety.
Staveley said it would have been a “safer investment bet” to buy after Christmas.
But she told NUFC TV that after Eddie Howe’s -pointment as head coach, we had to “have someone to run the club who isn’t afraid of relegation.”
She added, “Eddie and I discussed it in Brighton, he is returning to a position where he was previously sitting. It’s not one we sat in.
“As a group of investors, it would have been an easy decision not to buy the club just yet, wait for Christmas or the January transfer window to see where the club is in the league and then go ahead and take over.
“That would have been a safer investment. We didn’t do that. If we hadn’t got it now, it wouldn’t h -pen.
“We had to take that risk and we felt like we took a risk because the club was on the 19th at that point.
Former Bournemouth boss Howe was -pointed after Villarreal and former Arsenal manager Unai Emery rejected an -proach from Newcastle’s new owners.
But Staveley said the owners spoke to Howe, 43, “some time ago when Mike [Ashley] headed the association “.
She added, “We had to search the market completely to find the perfect fit, and Eddie fits perfectly. We couldn’t have imagined getting a better manager, he’s so dynamic.
“He’s had an incredible impact on Bournemouth and to have brought the club from the second division to the Premier League is an incredible achievement.
“We were impressed by the fact that he did it with limited resources. It’s very easy to win trophies when you have a lot of money, infrastructure or people, but when you are limited by those factors, your success really shines through . “
Staveley, who was flanked by her husband Mehrdad Ghodoussi, said the Newcastle acquisition experience had been “quite grueling and exhilarating”.
There follows some fan criticism of her -proach to Emery, but she said the new owners have a “robust business plan” and want to invest in all areas of the club, including the roster in the January transfer window.
She said, “It’s not a window we usually want to invest in because you’re not getting the right deals, but that’s something that is important and we are preparing for it.
“We don’t want to let anyone down. One of the things I want to do is be able to communicate with the fans, that if we make mistakes, we are quick to stand by them and correct them.”