Amanda Staveley owes huge debt to Newcastle as she fails to cut ties with ex-club ahead of proposed West Ham takeover

EX-NEWCASTLE chief Amanda Staveley has failed to settle a £750,000 debt with her former club. Staveley, leading a consortium to buy a 25.1 per cent stake in West Ham from the Gold family, has the outstanding six-figure loan with the Geordies. Amanda Staveley failed in her attempt to cut financial ties to Newcastle United Credit: PA She has failed to settle a £750,000 debt with the Magpies Credit: PA Fresh paperwork for Redstart Leisure, the firm she used to buy and invest in Newcastle, shows that the debt hasn’t been settled within an agreed period. Staveley also used the firm, which was previously called Cantervale Limited, for payments connected to advisory work for the club. Sign up for the Football newsletter Thank you! She placed it into voluntary liquidation in 2024 – however liquidators have revealed the debt remains outstanding. Liquidators warned “the company would be unable to pay its debts in full within the period stated in the directors’ declaration of solvency.” The loan from the club is described as an ‘unsecured trade and expense” debt. In October 2024, she promised liquidators: “I Amanda Staveley, being the sole director of Redstart Leisure, have formed the opinion that this company will be able to repay its debts in full, together with interest, within 12 months. I make this solemn declaration believing it to be true.” Staveley’s West Ham consortium contains private equity firm PCP Partners and is co-led by her husband Mehrdad Ghodoussi, who was also involved at Newcastle. The consortium hopes to restore West Ham’s Premier League status and could even buy the London Stadium. Most read in Sport BEST ONLINE CASINOS – TOP SITES IN THE UK Staveley has agreed a deal to purchase the Gold family’s shares in the club Credit: Alamy In 2024, Staveley was ordered to pay a Greek shipping magnate more than £3m after a high court legal battle. Comment now