Mike Ashley is suing Newcastle co-owner Amanda Staveley for violating the terms of a £10million loan - by publicly slating the former Toon chief.
Ashley sold the Magpies last October for £300million with Saudi Arabia’s Public Investment Fund owning 80 per cent while Staveley and the Reuben brothers have 10 apiece.
The Sports Direct tycoon lent the businesswoman £10m to cover ‘advisory, legal and other costs and commissions’.
In return Ashley demanded that she did not criticise his 14-year tenure, with his legal team claiming those conditions have been violated.
Ashley’s lawyers also argue that Sports Direct has suffered a ‘marketing loss’ after signage was removed from St James’ Park.
They want the £10million plus interest returned immediately and are also suing Staveley’s husband, Mehrdad Ghodoussi, in his role as guarantor that she would pay the money back.
