The 800 million euro claim against Amanda Staveley’s appeal before the Barclays affair


Amanda Staveley, the face of Newcastle United’s takeover bid, faces a $ 800 million claim before her high-profile trial against Barclays.This is according to the Times, as she prepares for her high court lawsuit against the bank today.

Staveley, who heads Saudi Arabia’s takeover bid for Newcastle, faces demand from a former business associate for up to half of the 1.6 billion euros she claims in the upcoming legal battle.

Reports in the Mirror yesterday claimed that the takeover of Newcastle United will “take a back seat” with the court case “set to turn nasty”.

Yorkshire-born financier accuses Barclays of “deception” after bank “unfairly favored” Qatari investors by PCP as bank sought to avoid government bailout and raise 7.3 billion euros in cash during the 2008 banking crisis.

PCP were paid 30 million euros for their work in organizing a deal, but Staveley denies that it could have been up to 1.6 billion euros if “PCP had not been deceived by Barclays ”.

Omar Hassanieh, a London-based partner, claims to have been his partner in the deal and told The Times that he had a verbal deal with Staveley that the benefits of the deal should be divided.

“I have been patiently waiting for this matter to be resolved,” Hassanieh, 45, told The Times.

“This patience is exhausted and I feel compelled that my business agreement with Amanda Staveley be made public.

“I introduced Amanda Staveley to clients who have led her to create immense wealth. We have agreed to a 50-50 split on all of our profits, but she has unfortunately given up on that.

It’s been almost nine weeks since PCP Capital Partners’ takeover bid for the club reached the testing stage of Premier League owners and administrators.

Newcastle united last takeover

The bid, led by Staveley and also involving the Reuben brothers, Simon and David, is supported by the mega-wealthy Saudi Arabian Public Investment Fund and Crown Prince Mohammed Bin Salman and is now awaiting the green light from Premier League leaders.

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