Breaking news on Tuesday - Mike Ashley legal dispute at an end as Amanda Staveley pays him £10m.
Submitting your details indicates your consent for The Mag to send you email marketing messages and process personal data. Please read ourSubmitting your details indicates your consent for The Mag to send you email marketing messages and process personal data. Please read ourShortly after the Newcastle United takeover happened, a dispute emerged between Mike Ashley and Amanda Staveley.
So, the Mike Ashley loan was made in October 2021 and the terms of it said she had to pay it back by… October 2023. “Amanda and Mehrdad — her husband — would like to take this opportunity in thanking Mr Ashley for the provision of the loan – and separately for the support to the whole consortium over the purchase of Newcastle United,” says a statement from PCP Capital Partners, Staveley’s investment business.
Meanwhile, the newspapers says that Amanda Staveley’s husband, Mehrdad Ghodoussi, is being sued as part of the proceedings in his role as guarantor that she would pay it back. The document claims that despite this, Ms Staveley publicly criticised Mr Ashley’s running of Newcastle United in the national media after the takeover, which ‘diminished’ his reputation as it portrayed it in a ‘negative light.’
The Mail have always been ahead of the game on this story and on 31 October 2021 we reported the following on The Mag:and related brand signage up inside St James Park, due to legal clauses that were inserted by former owner Mike Ashley ahead of the sale of the club.’ “We’ve already invested £38million last week and we’ll invest whatever we need to enter into the transfer window. So we’re not stupid.
“It’s hard because Mike was very fair, he did a good deal. He was fair to me, I was a pain in the a.se to him for years.”to chuck his toys out of the pram and launch his attack on those he sold the club to, after 14+ years of neglect and simply using NUFC to help increase his personal fortune. As The Mail state that it was on 17 November 2021, less than a week after those Amanda Staveley comments, that Ashley’s legal team asked her to pay the £10m with immediate effect.
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