Ex-Newcastle owner says new quotes breach loan terms

By Joel Poultney (June 24, 2022, 4:47pm BST) – Former Newcastle United owner Mike Ashley has claimed financier Amanda Staveley further breached the terms of a £10m loan (12 .3 million dollars) that the businessman had granted to help finance Saudi Arabia. -directed the takeover of the football club by publicly criticizing it again.

St James Holdings Ltd., owned by Ashley, added more details to the claim that Staveley and his representatives breached the terms of a loan, which said financiers would not publicly criticize his tenure as a owner of Newcastle in a newly amended High Court on June 15. claim.

The Times newspaper reported in January that Ashley wanted to remain a minority shareholder…

Stay one step ahead

In the legal profession, information is the key to success. You need to know what’s going on with customers, competitors, practice areas and industries. Law360 provides the intelligence you need to stay an expert and beat the competition.

  • Access to case data in articles (numbers, filings, courts, nature of lawsuits, etc.)
  • Access to attached documents such as briefs, motions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and more!

TRY LAW360 FREE FOR SEVEN DAYS