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PIF and RB Sports & Media - Darren Eales to step down from CEO after being diagnosed with blood cancer.


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8 hours ago, TheBrownBottle said:

I enjoy watching famous tax dodgers getting contracts to build new HMRC buildings in the city.  Irony means far more than propriety to me. 

 

Irony aside they're no different to other club's tax dodgers. 

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On 20/02/2024 at 23:16, Whitley mag said:

Not sure why anyone would want the Reubens to fuck off, big investors in the City and loaning Staveley money to keep her part of it, some folk can be very short sighted especially when Yasir mentioned them as a key reason they chose to invest in first place.

 

 

 

 

Tory cunts and tax dodgers.

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4 hours ago, El Prontonise said:

Tory cunts and tax dodgers.

Staveley herself comes from a Conservative family, and her father is a large land owner through generational wealth, and lineage through the royal family.

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1 minute ago, Stifler said:

Staveley herself comes from a Conservative family, and her father is a large land owner through generational wealth, and lineage through the royal family.

 

Yes I know, and the point is?

 

 

Edited by El Prontonise

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14 minutes ago, Whitley mag said:

It’s one sentence but no i can’t educate me ?

First and second clause of the sentence then. 

 

Basically someone or something having an influence on the wellbeing of a city, good or bad, is political. 

 

 

Edited by Kid Icarus

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14 minutes ago, Kid Icarus said:

First and second clause of the sentence then. 

 

Basically someone or something having an influence on the wellbeing of a city, good or bad, is political. 

 

 

 

Maybe politics are at play, but I don’t particularly worry about where the money comes from, if it benefits the club/city and creates jobs that’s enough for me. 

 

 

 

 

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6 hours ago, huss9 said:

yes but hopefully they'll increase investment on our city.

 

 

1 hour ago, Whitley mag said:

Always best to try and separate football from politics, the fact remain there good for the club and city.

If those cunts - and people like them - paid their taxes we wouldn’t need ‘investment’

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1 hour ago, Stifler said:

My point is that by the same token surely you want her nowhere near the club as well.

In an ideal world I wouldn’t.  She’s a Tory who made her name and money schmoozing human rights abusers.  I can deal with them being competent owners, but I’m not going to ‘like’ them. 

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23 minutes ago, TheBrownBottle said:

 

If those cunts - and people like them - paid their taxes we wouldn’t need ‘investment’

just because its in the treasury pot doesnt mean its being sent up here. we already know that.

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13 minutes ago, huss9 said:

just because its in the treasury pot doesnt mean its being sent up here. we already know that.

It isn’t - because of other Tories dotted around England.  Almost as if Tories are the problem. 

 

 

Edited by TheBrownBottle

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Newcastle United co-owner Amanda Staveley will ask the High Court to block a billionaire from bankrupting her on Wednesday.

 

As revealed by the Daily Telegraph last summer, Staveley has been plunged into a multi-million pound legal battle with Greek shipping tycoon Victor Restis over claims she failed to repay a loan of more than £35 million dating back more than a decade.

 

Lawyers for Staveley applied to the High Court in June to have a statutory demand issued by Restis “set aside” – a move that would prevent him from presenting her with a bankruptcy order if the debt is not paid within 21 days.

 

A hearing is listed at the Insolvencies and Companies Court in London in front of Judge Daniel at 11.30am, with Amanda Louise Staveley the case name.

 

Restis also issued PCP Capital Partners LLP, a dormant company listing Staveley as a director, with a winding-up petition. PCP Capital Partners LLP – which sources said had not traded for five years – changed its name to Apollo Belvedere Services LLP on June 23, according to Companies House filings.

 

The Greek businessman had been previously lined up as a witness for Staveley during a £1.5 billion court battle with Barclays over her role in an emergency rescue of the bank during the financial crisis, although her lawyers later said that his evidence was no longer required.

 

Staveley failed to secure damages in the Barclays case in a judgment three years ago, while she was helping Saudi Arabia’s sovereign wealth fund acquire Newcastle.

 

Restis was also previously a director at Manchester City, straddling the ownership of the club by former Thai prime minister Thaksin Shinawatra and its takeover by Sheikh Mansour in 2008.

 

The Restis Group lists Restis as one of the most important and influential shipping personalities worldwide, and he has been named by industry bible Lloyd’s List as one of the ‘‘100 most influential people in shipping’’. His other business interests include banking and financial services, media, hotels and telecommunications.

 

A statutory demand is a formal ultimatum for payment of a debt within 21 days. If the debt is not paid or set aside by judges within that period, non-payment can be used to petition the court for a bankruptcy order.

 

Forsters, the Mayfair law firm representing Staveley, is understood to have advised the Yorkshire-born executive it is confident a bankruptcy order could not be served while the debt is in dispute. But representatives for Restis disagreed.

 

His spokesman said: “Mr Restis has instructed Francis Wilks & Jones solicitors to recover an outstanding balance on a loan dating from 2008 from Amanda Staveley and any application by her legal representatives to set aside our client’s statutory demand totalling £36,841,287 (plus continuing daily interest) will be vigorously opposed.”

 

A spokesman for Staveley declined to comment on the dispute last year, since when it has been reported her case is the debt related to a £10 million equity investment made by Restis in 2008, and that £7 million was repaid, leaving £3 million.

 

Newcastle’s latest accounts released last month revealed the club loaned Staveley £659,000 for legal fees in August, having also let her borrow £600,000 in November 2022.

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It's ultimately a small amount and I assume there's some plan to pay it back, but I don't love that the club was used to provide a loan to an owner for an issue that has absolutely nothing to do with NUFC.

 

Ashley would have been slaughtered for this.

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1 hour ago, timeEd32 said:

It's ultimately a small amount and I assume there's some plan to pay it back, but I don't love that the club was used to provide a loan to an owner for an issue that has absolutely nothing to do with NUFC.

 

Ashley would have been slaughtered for this.

I understand your point of view…..But without AS, we’d still be under the FB’s control, so a loan is a small price to pay to be rid of him and have new owners.

 

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As nice as she seems she comes across as a chancer. Sorry folks I don’t buy into the idolisation some have for her and Mehdad. Yes, they ultimately saved us from Ashley but it wasn’t charity.
 

They picked up a cheap asset which PIF and the Reubens are funding and which could make them very rich when they sell their slice.

 

It looks like she has no real wealth and her main income was from brokering deals between mid east sheikhs and European businesses.

 

She ends up in a lot of litigation e.g Barclays, Ashley, and now this guy which doesn’t reflect well on her and isn’t good for the clubs image particularly when the club loans her money for her legal battles.
 

Ashley started proceedings for non payment of his loan as has this guy. Not sure if taking personal loans from acquaintances in particular Ashley shows sound judgement as well as not paying them back (if proven).

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A chancer? She’s clearly not a chancer, she’s been involved in some huge deals, not least getting this sale completed. She’s clearly an extremely successful businessperson, just not someone who is a billionaire 

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38 minutes ago, Jinky Jim said:

I understand your point of view…..But without AS, we’d still be under the FB’s control, so a loan is a small price to pay to be rid of him and have new owners.

 

It’s a misappropriation of club funds for her own personal use.  It’s completely inappropriate, as it would be with any shareholder.  It would be nice to one day not have this type of thing going on at the club

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15 minutes ago, gbandit said:

A chancer? She’s clearly not a chancer, she’s been involved in some huge deals, not least getting this sale completed. She’s clearly an extremely successful businessperson, just not someone who is a billionaire 

If you have to borrow money from the club for your unrelated legal battles and we’re talking 100s of thousands not millions I would question how successful you are.

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