Neither Amanda Staveley nor her firm, PCP Capital Partners, “had the funds necessary” to buy her 10 per cent stake in Newcastle United, according to a lawsuit brought by the club’s former owner, Mike Ashley – in stark contradiction of her insistence that family money and the sale of a hotel was used to buy the shares. The legal action states that fellow consortium members, the Reuben brothers, lent £30.5 million to Staveley’s company, Cantervale Ltd, for the 10 per cent shareholding. It adds that Ashley’s company, St James Holdings Ltd (SJHL), lent her a further £10 million on October 7 as she was “also unable to meet the advisory, legal and other costs and commissions associated with” the takeover. SponsoredThe High Court filing by

Source: The Times January 29, 2022 02:11 UTC