Manchester City owner spoke highly of Amanda Staveley, judge hears

- Advertisement -

Manchester City owner Sheikh Mansour always spoke “very highly” of a businesswoman involved in brokering a deal relating to the sale of Newcastle United, a High Court judge has been told.

A former adviser to the Emirati businessman told Mr Justice Waksman that Amanda Staveley was regarded as “someone of high standing”.

Ali Alatieh Jassim was giving evidence at a High Court trial in London involving Ms Staveley and Barclays, on Wednesday.

“Sheikh Mansour always spoke very highly of Ms Staveley and referred to her as a smart businesswoman,” said Mr Jassim.

“He saw Ms Staveley as being somebody of high-standing, a well-known businesswoman rather than just a broker trying to get a deal done.”

Manchester City owner Sheikh Mansour
Manchester City owner Sheikh Mansour (Martin Rickett/PA)

Mr Jassim said Ms Staveley, who was representing the then Manchester City owner Thaksin Shinawatra, had a “growing reputation” in the Gulf as a “notable deal-maker”.

He said he recalled being impressed with her ability to get the Manchester City deal “over the line” as “smoothly as she did”.

Barclays is locked in a High Court battle (Ian West/PA)

She says Barclays agreed to provide an unsecured £2 billion loan to Qatari investors.

But she says that loan was “concealed” from the market, shareholders and from PCP Capital Partners, a private equity firm she runs.

PCP is suing the bank and wants £1.6 billion in damages.

Ms Staveley, who in recent months has been involved in brokering a deal which could see a Saudi consortium take control of Newcastle United, says PCP introduced Sheikh Mansour to Barclays and he “subscribed” to invest £3.25 billion.

She says PCP is owed money for the work it did.

Barclays disputes PCP’s claim and says it is made “of sand”.

Mr Justice Waksman began overseeing a trial in London more than two weeks ago.

The trial, which is due run into August, has adjourned.

It is scheduled to resume on Thursday July 2 when lawyers representing Barclays are due to begin calling witnesses.

- Advertisement -
- Advertisement -
- Advertisement -

Latest Stories

- Advertisement -

UK News

- Advertisement -
- Advertisement -

Read the latest free supplements

Read the Town Crier, Le Rocher and a whole host of other subjects like mortgage advice, business, cycling, travel and property.