PROSPECTIVE Newcastle owner Amanda Staveley broke down in tears in court after Barclays accused her of being engaged in a “hustle”.
Staveley is suing Barclays for £1.6billion over unpaid fees when working with Manchester City owner Sheikh Mansour to help bail the bank out in 2008.
But Staveley was left crying after six days of relentless cross-examination by lawyer Jeffrey Onions QC
Onions suggested Staveley – still waiting for the green light for her joint-bid to buy Newcastle- was prepared to “lie and use false documents” to get paid on false pretences.
He also said the financier significantly exaggerated her relationship with Sheikh Mansour.
Onions told the court: “You saw an opportunity to insert yourself into the Barclays transaction and engineered a place for yourself.
“You were effectively engaged in what might colloquially be described as a hustle.”
Staveley denied the allegations, with her lawyer telling the judge to reject “unsupported allegations of fraud”.
Afterwards, her company PCP Capital Partners said: “We are confident in the strength of our claim.
“PCP suffered a very substantial loss due to misrepresentations made by Barclays management during the 2008 capital raising.”
By: Oscar Paul
Title: Amanda Staveley breaks down in tears in court as Barclays accuse prospective Newcastle owner of being part of a ‘hustle’
Sourced From: www.thesun.co.uk/sport/football/11908772/amanda-staveley-tears-barclays-newscastle/
Published Date: Fri, 19 Jun 2020 22:34:02 +0000