Amanda Staveley Fights £37m Bankruptcy Claim in Court
Newcastle United co-owner Amanda Staveley is in a legal battle with Greek shipping magnate Victor Restis over an alleged debt, with both parties presenting their arguments in London's High Court.
- Staveley is accused of failing to repay a loan of more than £35 million to Victor Restis, a claim she disputes in court.
- The legal dispute centers around a £10 million investment made by Restis in Staveley's business ventures in 2008, with allegations of duress and misrepresentation.
- Interest on the claimed debt has ballooned to £31.3 million, accruing at £505,000 per day, according to Staveley's lawyers.
- Staveley's legal team argues the case should go to arbitration and accuses Restis of threats of physical violence, which he denies.
- The case, which has significant implications for Staveley's financial stability and ownership stake in Newcastle United, will resume on March 19.