Amanda Staveley breaks down in tears in court as Barclays accuse prospective Newcastle owner of being part of - The Sun

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.

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Amanda Staveley wept in court as she was accused of being 'on the hustle'Credit: PA:Press Association

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.”

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2020-06-20 01:30:59Z
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