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Amanda Staveley, the Newcastle United co-owner, is currently facing a bankruptcy hearing over an alleged unpaid debt of £37 million. The claim, amounting to $46 million, has been brought against her by Greek shipping magnate Victor Restis, who is seeking over £36 million (approximately $45.5 million) in a London court. Staveley has made a bid to dismiss the bankruptcy petition at the High Court, arguing that the claim is an abuse of process. Her lawyers have also stated that she signed new repayment demands under duress, fearing for her life, which allegedly make her personally liable for the £36 million demand. This legal battle has highlighted concerns over the financial sustainability and ownership structures within the Premier League.
Premier League’s financial rules are broken, says Crystal Palace co-owner John Textor says it makes no sense that billionaires face limits on what they can spend and believes that Nottingham Forest should not be deducted points for breaking rules https://t.co/CezW0Jg3wz
NEW: Premier League’s financial rules are “broken” and designed to keep the richest clubs on top, says Crystal Palace co-owner https://t.co/speRafoMSA
NEW: Premier League’s financial rules are “broken” and designed to keep the richest on top, says Crystal Palace co-owner https://t.co/speRafoMSA
Financial-sustainability rules have caused an almighty mess in the Premier League. Now English football is having a financial fracas https://t.co/grjKdiYY0L ⚽
Newcastle United co-owner Amanda Staveley in court over £36m debt claim https://t.co/TyWVnUEGW7 https://t.co/WDSHO9buOb
Amanda Staveley "feared for her life" when she signed new repayment demands that allegedly make her personally liable for a £36 million ($45.5 million) demand from a Greek shipping magnate, her lawyers told a London court on Wednesday. https://t.co/O6rkfsNQL2
Everton could be plunged into further financial turmoil as Premier League rival plans £100m lawsuit | @MartinLipton https://t.co/3AKFgzzLHr https://t.co/dRLIvpSk2m
British businesswoman Amanda Staveley asked a London court to throw out a $45.5 million bankruptcy claim brought against her by Greek shipping magnate Victor Restis. Staveley alleges the claim is an abuse of process https://t.co/3kxNWP64hm https://t.co/V1kYR2bt8c
Businesswoman Staveley seeks to throw out $46 mln bankruptcy claim https://t.co/Tu3lBYJP8u https://t.co/OYFPOajNFr
Amanda Staveley's possible possible bankruptcy reveals the murky and dodgy consequences of the @premierleague's decision to allow nation state ownership of clubs: 👇🏽
Newcastle United co-owner Amanda Staveley has made a bid to throw out a £36m bankruptcy petition against her at the High Court More: https://t.co/EdqHltzdXp https://t.co/X41zEGUJ3t
British businesswoman Amanda Staveley asked a London court to dismiss a 36 million pound-plus ($45.5 million) claim brought against her by Greek shipping magnate Victor Restis, who she says is seeking to push her into bankruptcy https://t.co/3kxNWP64hm https://t.co/YTqnmuNSCZ
Newcastle's Amanda Staveley facing bankruptcy hearing over alleged unpaid £37m debt https://t.co/M5evYWFpIL https://t.co/k3Zwgq0cfE