Newcastle United Co-owner Amanda Staveley Ordered to Pay £3 Million in Legal Dispute

A High Court ruling has ordered Newcastle United co-owner Amanda Staveley to pay Greek shipping magnate Victor Restis more than £3 million after a legal dispute.

The judgment dismissed Staveley’s bid to throw out Restis’ bankruptcy petition, affirming her liability to pay the claimed sum.

Disputed Claims and Legal Proceedings

The legal dispute stems from a £10 million investment Restis made in Staveley’s business ventures in 2008, with Staveley contesting whether it constituted a loan or another form of investment.

A High Court ruling has ordered Newcastle United co-owner Amanda Staveley to pay Greek shipping magnate Victor Restis more than £3 million after a legal dispute.
A High Court ruling has ordered Newcastle United co-owner Amanda Staveley to pay Greek shipping magnate Victor Restis more than £3 million after a legal dispute. (Credits: BBC)

Despite claims of ambiguity and allegations of duress, the court found Staveley’s liability conclusively proven in the documents, dismissing her arguments.

Staveley, who did not attend court, expressed intent to appeal the ruling, continuing to dispute personal liability despite the reduction in the claimed amount.

The judgment dismissed Staveley's bid to throw out Restis' bankruptcy petition, affirming her liability to pay the claimed sum.
The judgment dismissed Staveley’s bid to throw out Restis’ bankruptcy petition, affirming her liability to pay the claimed sum. (Credits: Reuters)

A spokesperson for Staveley welcomed the reduction in the claim but affirmed the intention to appeal the decision.

Jen Garcia
Jen Garcia
Experienced finance and business news writer, exploring market dynamics with insightful analysis and engaging storytelling.
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