Support: Financier Amanda Staveley in her Newcastle scarf at St James’ Park
Football financier Amanda Staveley raked in almost £1 million in consulting fees from Newcastle United last year, filings show.
The high-flying Premier League football club was charged for ‘strategic advisory services’ by Staveley, who helped broker Newcastle’s £300 million sale to a Saudi-led consortium in October 2021.
Staveley – an ex-model and former girlfriend of Prince Andrew – joined the Magpies’ board immediately after the controversial takeover. Newcastle’s latest accounts at Companies House, which were signed off by Staveley for the year ending June 30, 2022, reveal she started charging the club through her holding company Cantervale as soon as the deal completed.
The report states that Cantervale, where Staveley is the sole director, billed Newcastle £937,500 for work carried out between October and June. Newcastle posted losses of £70 million last year from revenues of £180 million.
Staveley owes the bulk of her fortune – rumoured to be up to £100 million – to brokering deals between oil-rich sheiks and a succession of British companies. But this stream of business led to a bitter court battle with Barclays several years ago.
The 50-year-old sued the bank for more than £800 million over claims her firm, PCP Capital Partners, was owed money by Barclays after the bank raised billions from Middle East backers during the financial crisis. Staveley also made headlines after revealing the rampant sexism she had faced in the City.
Her claim against Barclays was ultimately unsuccessful, but she did not have to pay Barclays’ £33 million legal bill. The businesswoman has since boosted her reputation at Newcastle, where she holds a 10 per cent stake in the club. She has become a familiar figure at St James’ Park, Newcastle’s ground, and is often pictured wearing the team’s black-and-white scarf. Staveley declined to comment.
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