Amanda Staveley Wiki
Amanda Staveley Biography
Amanda Staveley is a British businesswoman who stands out primarily for her connections with Middle Eastern investors. She is widely known for her prominent role in the £ 7.3 billion investment in Barclays by the ruling families of Abu Dhabi and Qatar, and by the Qatari sovereign wealth fund.
Staveley’s company, PCP Capital Partners, represented Sheikh Mansour Bin Zayed Al Nahyan of the Abu Dhabi royal family, who invested £ 3.5 billion to control 16% of the bank. The deal was reported to have earned PCP Capital Partners a £ 110 million commission, which, after paying the advisers, represented a profit of £ 40 million. Staveley was also involved in Mansour’s high-profile purchase of Manchester City Football Club in September 2008.
Amanda Staveley Age
Born on April 11, 1973, Amanda is 47 years old in 2021.
Where is Amanda Staveley from
Amanda was born in Yorkshire to the daughter of Robert Staveley, a North Yorkshire landowner who founded the Lightwater Valley theme park, where she Staveley worked as a waitress when she was a child; her mother, Lynne, was an occasional model and champion show jumper.
Amanda Staveley’s net worth
The British businesswoman has a net worth of $ 170 million.
Amanda Staveley’s husband
Staveley initially made tabloid headlines after dating Prince Andrew, Duke of York, in 2003. In October 2011, she married British-Iranian financier Mehrdad Ghodoussi, in a ceremony in West Wycombe Park in Buckinghamshire.
Staveley lives in Dubai and has a house on London’s Park Lane.
Amanda Staveley update
Amanda now faces paying millions in legal costs after losing her £ 600 million offer in High Court to Barclays over the behavior of bank bosses negotiating investment deals during the 2008 financial crisis. She claimed that Barclays agreed to provide a £ 2bn unsecured loan to Qatari investors, but says the loan was “hidden” from the market, shareholders and PCP Capital Partners, a private equity firm that he runs.
The bank disputed her accusations and today managed to have her claim dismissed.
Amanda Staveley vs. Barclays Bank
The trial heard allegations of unpleasant behavior from former Barclays bosses Richard Booth and Roger Jenkins, who allegedly called the high-flying executive a “doll bird” and a “pie.” In his ruling, the judge said Barclays was guilty of “gross deception” toward the PCP and said the process appeared “smelly and dubious.” But he said that he had concluded that the PCP would have discovered the truth and then negotiated with Barclays the “same deal, prorated as the interests of Qatar.”
Legal costs will be determined at a later hearing, but they are likely to run into the millions, a legal firm told MailOnline today.
However, Ms. Staveley is now considering an appeal.
Speaking after the ruling, Ms. Staveley said: “Despite Barclays’ efforts to question my character and credentials, the court has recognized my abilities as a businesswoman and the truth of my story.” “The sentence confirms what I said from the beginning and repeated in my testimony; A senior Barclays executive lied to me repeatedly when he sought private investment in the bank during the 2008 financial crisis.
“The evidence at the trial was clear and unequivocal; PCP was an investor in the transaction and played an integral role in raising capital. ”
Richard Booth referred to Ms. Staveley as “that doll bird” during a late-night phone call with Mr. Jenkins in October 2008, as heard at trial. Mr. Jenkins referred to it as “the pie,” the judge heard.
Jeffery Onions QC suggested that Ms Staveley had seen an opportunity to ‘insert’ herself into the negotiations, had indeed gotten into a ‘hustle’, was willing to ‘lie’ in order to extract money to which she was not entitled, wanted fees that were “commercially ridiculous” and had exaggerated the nature of his relationship with a Middle Eastern sheikh. But, Staveley denied her suggestions and then began to cry.
An attorney who leads PCP’s legal team said Mr. Onions’ suggestions were “extraordinary and strange.”
Joe Smouha QC told the judge that what Mr. Onions said was “ridiculous.”
Ms Staveley said that the heads of the banks agreed to provide a £ 2bn unsecured loan to Qatari investors, but claimed the loan was “hidden” from the market, shareholders and PCP Capital Partners. She said PCP was induced to invest in “manifestly worse conditions” than investors.