Newcastle director Amanda Staveley is once again appealing against an order to pay £3.4million to a shipping tycoon that could see her face a bankruptcy petition, a report has suggested.

Staveley, who helped a Saudia Arabia-based consortium take over Newcastle from Mike Ashley in 2021, has already had a bid to throw the case out dismissed.

The situation stems back to 2008, when former Manchester City director Victor Restis, made a £10m payment to Staveley which he now wants her to repay.

Restis issued the statutory demand for £36.8m in May of last year after he made a £10m investment in Staveley's business ventures in 2008. Staveley had paid back just over £6m of the original sum and Restis' subsequent claim included interest of £31.3m, which was later dropped.

According to The Sun, Staveley is again appealing the order, which states she has until Monday to transfer the money to Restis or face the petition.

Newcastle director Amanda Staveley is once again appealing against an order to pay £3.4million to a shipping tycoon

If she is dealt the petition, she would be disqualified from her role as a director at Newcastle, a position she has held since the takeover.

She is said to have filed documents for another appeal at the High Court on Tuesday, which will be heard later this year if granted.

According to The Mirror, Staveley, who is said to be worth £110m, has also resigned from her position as director of 20 companies associated with Newcastle.

Her stake in Newcastle was recently reduced from 10 per cent to six per cent due to cash injections into the club from the Saudi Public Investment Fund and the Reuben family, who are co-owners of the club.

Regarding the order to pay the money to Restis, the hearing judge is said to have said Staveley's witness statement was in 'the realm of fantasy and completely implausible'.

Ted Loveday, representing Staveley, had argued that his client felt 'intimidated' into signing documents in 2021 that made her personally liable - rather than her company, PCP Capital Partners - and these were obtained 'by duress, undue influence and/or misrepresentation'.

Court filings revealed Staveley said she was concerned for her safety after being warned that Restis was 'dangerous' and 'not a man to be messed with'.

In 2013, he was arrested on charges of money laundering and embezzlement and spent four months in an Athens prison before being cleared. Her lawyers also cited alleged links to Iran.

However, the judge said her liability was 'proved conclusively' in the documents, adding that it 'beggars belief' she did not understand she was liable and that the claim 'ventured into the realm of fantasy and is completely implausible'.

They said Staveley's claim that a deal was struck under duress had a 'complete lack of credibility'.

He also rejected the notion that Restis had exploited Staveley's Huntington's disease, a degenerative genetic disorder, but the judge did say he had 'sympathies' for her in 'an unfortunate case'.

Newcastle's recent accounts revealed Staveley had received loans of £659,000 and £600,000 for unspecified legal fees. Her company, Cantervale, was also paid £1.24m in advisory fees and £625,000 'to be refunded subsequent to the balance sheet date'.

Despite Newcastle and Staveley receiving widespread criticism for their association with the Public Investment Fund, she is held in high regard by Magpies supporters for her work around the takeover.

She was essential in helping the deal, valued at £305m, get over the line three years ago, and ousting former owner Mike Ashley, who is currently embroiled in a feud involving Newcastle.

The companies Staveley has resigned as director from include Newcastle United Football Club Limited, St James' Park Newcastle Limited, Newcastle United Sports Limited and Newcastle United Group Limited.

Jamie Reuben has also left his role as a director of companies linked to the club.