Newcastle United co-owner faces paying £3.4m to Greek businessman

Amanda Staveley said she plans to appeal the High Court judge’s decision.

Newcastle United co-owner Amanda Staveley faces having to pay a Greek shipping magnate more than £3 million after a High Court legal battle.

Reading out his judgment at London’s Rolls Building, he said: “The demand totalling £3.4 million is sound.” Mr Restis initially issued a statutory demand in May 2023 for a total of £36.8 million, which included the outstanding loan sum of £3.4 million and “exorbitant” interest of £31.3 million, Mr Loveday said.

He claimed that these “instruments” were “procured by duress, undue influence and/or misrepresentation”, and that Ms Staveley felt intimidated into signing them. Amanda Staveley claimed her diagnosis of Huntingdon’s disease affected her judgment when signing agreements He said messages between the pair indicated a “warm business relationship” which “cannot be construed in any way, fashion or form to support a claim of unlawful distress”.

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