By Kieran Maguire

14th Jan, 2022 | 10:44am

Kieran Maguire: This is the real reason for Staveley-Ashley High Court battle at Newcastle - 'ask Rangers fans'

Mike Ashley may be taking Newcastle United bigwig Amanda Staveley to court because of a breakdown in their business relationship.

That is the view of finance guru Kieran Maguire, speaking exclusively to Football Insider about the looming legal battle between the pair.

The Daily Mail reported last Saturday (8 January) that Ashley is launching High Court legal action against Newcastle co-owner and director Staveley.

The specifics of the case remain shrouded in mystery and neither party has come forward to clarify the situation.

Staveley masterminded the £305million Saudi-led takeover of Newcastle from Ashley in October 2021.

The pair appeared to have an amicable relationship as they lobbied the Premier League to accept the controversial buyout.

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But Maguire claims that the alliance has turned sour because of the respective financiers’ external business interests.

“We didn’t see this one coming because the takeover was civil,” he told Football Insider‘s Adam Williams.

“There has been a historic relationship prior to the takeover between some of Ashley’s companies and those of Staveley.

“I suspect that the litigation could be linked to a deterioration of that relationship.

“Ashley, as fans of Rangers will attest, is a man for whom litigation is a common course of action.”

Ashley is widely reported to be interested in taking over at imperilled Championship outfit Derby County.

The 57-year-old is set to step aside as head of retail empire Frasers in May, leaving son-in-law Michael Murray to take the reins.

In other news, pundit “certain” Chris Wood and Allan Saint-Maximin will form “deadly partnership” and keep Newcastle United up.