Kieran Maguire issues verdict on Amanda Staveley cash injection amid £90m Newcastle United reveal
The recent shares injected into Newcastle United by Amanda Staveley may have been to help her retain her part-ownership of the club.
That is the opinion of finance expert Kieran Maguire, who spoke exclusively to Football Insider about the possible reasons behind the £14million shares issued by Staveley’s company JV1 Limited.
Staveley acquired a 10 per cent stake in Newcastle following the £300million takeover last year.
The 49-year-old businesswoman played a large part in supporting the Saudi Arabia-backed bid and now sits on the board of directors at St James’ Park.
Maguire revealed on Twitter last Saturday (7 January) that JV1 – a company owned by Staveley and the Reuben brothers – issued £14million in new shares to inject into Newcastle.
As a result, the total value of shares in the company now sits at £90million.
The reason behind the £14million injection has been widely debated, but Maguire believes it may have been obligatory to ensure Staveley maintains her 10 per cent stake in the club.
“The issuing of the shares into the holding company could be for a variety of reasons,” Maguire revealed to Football Insider’s Adam Williams.
“Staveley has a 10 per cent stake in the football club.
“She took that on as part of the takeover deal.
“This could be part of the overall financing of the football club.
“Other financing, as we know, comes from PIF.
“Therefore, one reason for the share issue could be that it is needed in order to maintain her share in the club overall.“
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