Amanda Staveley Faces Legal Battle Over £3.4 Million Debt
Newcastle United co-owner Amanda Staveley is in a legal dispute with Greek shipping magnate Victor Restis over a debt of £3.4 million.
Background of the Legal Battle
Victor Restis claims that the debt is related to an investment he made in Staveley’s business ventures in 2008.
Staveley’s lawyers argued that she was not personally liable for the debt and sought to settle the dispute out of court.
Court Ruling and Judgment
Deputy Insolvency and Companies Court Judge Daniel Schaffer ruled in favor of Restis, stating that Staveley is liable to pay the sum.
The judgment emphasized the soundness of the £3.4 million demand.
Arguments and Counterclaims
Staveley’s legal team claimed that agreements making her personally liable were procured under duress and misrepresentation.
However, the judge found Staveley’s liability to be conclusive and dismissed claims of illegitimate pressure.
Response and Future Steps
Staveley, who did not attend court, intends to lodge an appeal against the ruling.
Restis’ lawyers expressed satisfaction with the court’s decision and emphasized the urgency of the debt repayment.
Implications of the Ruling
If the debt is not paid by the deadline of April 22, 2024, Staveley may face bankruptcy, and her company could be wound up by the court.
Restis also plans to pursue additional financial claims against Staveley for interest and legal costs.
