Eddie Howe makes Amanda Staveley claim as the co-owner faces Newcastle United uncertainty

The Newcastle United co-owner faces bankruptcy amid an ongoing legal case.
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Eddie Howe has addressed the ongoing legal battle concerning Newcastle United co-owner Amanda Staveley after a court ordered her to repay £3.4m to a Greek shipping magnate by April 22- or face bankruptcy

On Tuesday, a High Court judge rejected Staveley's bid to throw out  the application made by Victor Restis concerning a £10m investment in 2008.

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Restis claimed Staveley owed him £36.8 million- made up of £3.4 million in principal, £2.1 million in legal costs and £31.3 million in interest Staveley was central to Newcastle United's takeover in 2021 and, as part of that deal, was rewarded with a 10% stake in the club. In January it was revealed this had been diluted to 6%.

If Staveley fails to pay the £3.4m ordered by the court, she could be forced to give up her stake in Newcastle.

The businesswoman does intend to lodge an appeal, however, which will draw out proceedings further.

Follow the latest updates from NUFC with NewcastleWorld’s free football emails After the decision, a spokesperson for her said: “Amanda Staveley notes the ruling of the high court today on her application to have set aside a statutory demand brought by Victor Restis.

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“Ms Staveley notes and welcomes that the ruling made a £33m reduction in the claim to ­principal only with no interest.

“­Nevertheless, Ms Staveley continues to dispute personal liability and intends to lodge an appeal.”

And now Eddie Howe has commented on the matter, stating that Staveley remains committed to Newcastle United in spite of the uncertainty. “I saw her the day after and she was in really good spirits and she was here focused on Newcastle matters and trying to help the club," said Howe. "I can assure everyone she is fully committed.”

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