Amanda Staveley is reported in line for a huge financial boost, which might spell good news for her own ability to invest in Spurs.
Amanda Staveley spearheading talks to invest in Spurs
Over recent months, we have heard a lot of reports regarding the talks between Staveley and Daniel Levy regarding a minority takeover of Tottenham.
The former Newcastle co-owner is thought to be backed by serious money from the Middle East, but as ever with deals of this magnitude, progress seems slow.
In fact, most Tottenham fans will understandably be bored by these updates by now, with nothing concrete appearing to be on the horizon.
Amanda Staveley in line for financial windfall
However, that might soon be about to change as The Times have revealed that Staveley could be in line for a potential financial windfall as a result of a recent development on a case stretching back to 2008.
It is explained that in 2008, she helped broker a deal that saw a member of the Qatari royal family take a stake in Barclays to prevent the bank from going under. She later argued in court that she had been denied up to £1bn for assisting the process but she was ultimately unsuccessful.
However, more than 16 years later, Barclays have now reportedly accepted a £50m fine in a case relating to the same transaction conducted by the Financial Conduct Authority (FCA).
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It is explained that Staveley is also claiming £830m from Barclays in the International Chamber of Commerce (ICC) in Paris, and should the ICC endorse the view of the FCA, she could be in line to receive the claim.
TBR Football relay this information and state that Staveley’s personal wealth could soon soar, thus giving her more liquidity to invest in Spurs.
Tottenham fans should not get their hopes up
It remains to be seen what the ruling will be in this case or whether it will have an impact at all on the talks to invest in Spurs.
It is certainly not clear that the main issue holding up the deal is a lack of funds for Staveley and the investors she represents.