MIKE ASHLEY is suing Newcastle co-owner Amanda Staveley for violating the phrases of a £10million mortgage - by publicly slating the previous Toon chief.
Ashley bought the Magpies final October for £300million with Saudi Arabia’s Public Funding Fund proudly owning 80 per cent whereas Staveley and the Reuben brothers have ten apiece.
The Sports activities Direct tycoon lent the businesswoman £10m to cowl ‘advisory, authorized and different prices and commissions’.
In return Ashley demanded she didn't criticise his 14-year tenure, together with his authorized crew claiming these situations have been violated.
Ashley’s legal professionals additionally argue that Sports activities Direct has suffered a ‘advertising loss’ after signage was faraway from St James’ Park.
They need the £10m plus curiosity returned instantly and are additionally suing Staveley’s husband, Mehrdad Ghodoussi, in his function as guarantor that she would pay the cash again.
The paperwork state: “Mr Ashley wished safety from public criticisms of his tenure as final helpful proprietor of NUFCL (Newcastle United Soccer Membership Restricted) by new homeowners and/or managers of NUFCL as a result of such criticisms carry specific weight.”
They go on to say that Staveley publicly made ‘derogatory’ feedback in interviews which portrayed Ashley’s operating of the Magpies in a ‘destructive mild.’
Staveley, the chief govt of PCP Capital Companions, declared that she invested her ‘household’s cash’ into Newcastle.
However Ashley has questioned this, claiming she solely secured her 10 per cent share after being given a £30m mortgage by the Reuben brothers.
A spokesperson for Staveley and Ghodoussi mentioned: “They're very assured of efficiently defending the declare in full.
“The litigation is not going to distract Ms Staveley or Mr Ghodoussi from their onerous work at Newcastle United, significantly as they concentrate on the alternatives and deadlines offered by the January switch window.”
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