co-owner Amanda Staveley was — 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.
5m loan from the British billionaire Reuben brothers and is on the club’s board of directors. A Companies House update earlier this year showed her stake has since been diluted to six per cent with the Reuben brothers’ shares increasing.
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