Newcastle United co-owner Amanda Staveley was yesterday ordered to pay £3.4m to a Greek shipping magnate by April 22 — or he can petition the court for a bankruptcy order.
Staveley, 50, who helped orchestrate the Saudi Arabia-backed consortium that purchased Newcastle United for £300m in 2021, had applied to the High Court to throw out the application made by Victor Restis.
However, in his two-hour ruling on Monday, judge Daniel Schaffer rejected her bid on every count and said she must pay back the money in full within 21 days. Staveley did not attend court in person on Monday. Immediately after the judgment, she said she intended to appeal against the decision.
Here, The Athletic explains what happened in court, the background to the…
