Mike Ashley takes legal action against Newcastle co-owner Amanda Staveley

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  • Ashley claims Staveley has breached terms of a loan
  • Matter relates to club’s removal of Sports Direct signage

Mike Ashley has initiated legal action against Amanda Staveley, the co-owner of Newcastle United, for allegedly breaching the terms of a £10m loan he provided in order to help facilitate the club’s £300m sale to a Saudi Arabian led consortium last October.

A representative of Staveley, who has a 10% stake in Newcastle while Saudi Arabia’s Public Investment Fund (PIF)has an 80% controlling interest and the property developers Reuben Brothers another 10%, said on Friday night she was “very confident” of successfully defending Ashley’s attempt to secure the immediate return of the loan.

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from Football | The Guardian https://www.theguardian.com/football/2022/jan/21/mike-ashley-takes-legal-action-against-newcastle-co-owner-amanda-staveley

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