Amanda Staveley could reportedly be ‘disqualified’ from being on the Newcastle board and stripped of her shares if she is forced to file for bankruptcy as part of an ongoing legal battle.
Indeed, they finished 12th the season prior to the takeover, but were struggling at the bottom end of the table at the beginning of the following season before the club was bought. If she is to go bankrupt, that would class as a ‘disqualifying event’ as per the Premier League’s rules, and that would mean she would be stripped of her seat on the Newcastle board and lose her shares in the club, as perStaveley has announced her plan to appeal the legal decision. What’s more, her net worth is far north of the fee she has been ordered to pay, so if her appeal fails, it seems she should be able to rectify the situation anyway.
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Source: The Athletic UK - 🏆 123. / 51 Read more »