Newcastle United news: Ex-PL CEO reveals true impact of Amanda Staveley bankruptcy
Former Everton chief Keith Wyness has insisted Amanda Staveley’s ongoing high court battle will likely have no impact on Newcastle United.
Speaking on the new edition of Football Insider’s Inside Track podcast, the 66-year-old – who served as CEO at Goodison Park between 2004 and 2009 and now runs a football consultancy advising elite clubs – suggested the case is a “personal dispute” dating back to 2008.
Staveley has been embroiled in a high court battle with Greek shipping magnate Victor Restis and was ordered on Monday (25 March) to pay £3.4million by 22 April or face a bankruptcy order.
Individuals who are declared bankrupt or file for bankruptcy are disqualified from being a director or owner of a football club.
The 50-year-old brokered the Saudi-backed purchase of Newcastle in 2021 and now owns 6% of the club’s shares.
£3.4m Staveley case likely to have ‘no impact’ on Newcastle, says Wyness
Staveley has publicly stated that she intends to appeal the high court decision and has claimed the bankruptcy petition is an “abuse of process”.
Wyness told Football Insider‘s Insider Track podcast: “I think this case goes back to 2008, way before Amanda was involved with Newcastle.
“It seems to be a personal dispute with someone she had gone into business with.
“The amount involved is around £3.4million. In Amanda’s world that’s not a significant amount.
“I don’t really think it will have any impact on Newcastle and any impact on her ability to manage Newcastle going forward.
“I think she’s been a good owner so far.”
In other news, Newcastle hatch stunning plan to ‘dominate’ – six deals already agreed.
For more Newcastle United news, follow us on Facebook or join our brand new WhatsApp Channel for instant updates to be sent straight to your phone.