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New Newcastle United Owners Face Legal Action

  Former Newcastle United owner Mike Ashley has launched legal action against financier Amanda Staveley, one of the key figures in the recent Saudi-led takeover … Continue reading New Newcastle United Owners Face Legal Action

By oluchi
Updated January 10, 2022
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(FILES) In this file photo taken on August 13, 2017 St James’ Park stadium, home ground of Newcastle United, is pictured in Newcastle-upon-Tyne, north east England, ahead of the English Premier League football match between Newcastle United and Tottenham Hotspur. – A Saudi-backed takeover Newcastle is set to get the green light from the Premier League despite warnings from Amnesty International that the deal represents “sportswashing” of the Gulf state’s human rights record. An investment group fronted by the Saudi Public Investment Fund (PIF), PCP Capital Partners and billionaire brothers David and Simon Reuben, struck a deal worth a reported £300 million ($391 million) to buy the club from unpopular owner Mike Ashley in April 2020. (Photo by Lindsey PARNABY / AFP)
(FILES) In this file photo taken on August 13, 2017, St James’ Park stadium, home ground of Newcastle United, is pictured in Newcastle-upon-Tyne, northeast England,  (Photo by Lindsey PARNABY / AFP)

 

Former Newcastle United owner Mike Ashley has launched legal action against financier Amanda Staveley, one of the key figures in the recent Saudi-led takeover of the English Premier League club.

A document seen by AFP shows that retail tycoon Ashley’s St James Holdings has lodged a claim at the High Court in London, although no reason for the action, also brought against Staveley’s husband Mehrdad Ghodoussi, was specified.

Reports said relations soured between Ashley and Staveley ahead of the takeover in October — the struggling football club in northeast England was sold to a Saudi-led consortium for £305 million ($414 million).

The consortium comprises the Saudi Public Investment Fund, Staveley’s PCP Capital Partners, and billionaire brothers David and Simon Reuben.

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