As featured on NewsNow: Football news

Prem clubs vote to block teams taking sponsors linked to owners

Premier League clubs have voted to temporarily block teams agreeing lucrative sponsorship deals linked to a club's owners after the Saudi Arabia-backed £305m takeover of Newcastle.

Eighteen clubs voted in favour of the ban at an emergency meeting on Monday.

Newcastle voted against and Manchester City abstained, with both questioning the legality of the move.

It means a temporary one-month ban on deals linked to club owners while the issue is debated further.

That prevents Newcastle signing sponsorship deals with companies linked to Saudi Arabia's Public Investment Fund (PIF), which owns 80% of the club.

Top-flight teams complained to the league after the Newcastle takeover was completed on 7 October because of frustration about how the deal passed the owners' and directors' test.

Last week, Leeds owner Andrea Radrizzani said Financial Fair Play (FFP) rules must be enforced around the takeover to ensure the 20 Premier League clubs are "playing the same game".

Premier League FFP rules allow clubs to make maximum losses of £105m over a rolling three-year period.

The league said it approved the takeover after receiving "legally binding assurances" that the Saudi state would not control the club.

The PIF, which will provide 80% of funds for the deal, is seen as separate to the state.

Need a VPN? Or seeking to switch? Then support Tribal Football by clicking here to sign up with our official partners NordVPN. Not only will you receive the best VPN experience, but also great discounts by signing up via Tribal Football. Thanks for your support!

Video of the day:

About the author

Paul Vegas

Have your say

Subscribe and go ad-free

For only $10 a year

  1. Go Ad-Free
  2. Faster site experience
  3. Support great writing
  4. Subscribe now
Launch Offer: 2 months free

Subscribe and go ad-free

For only $10 a year

Subscribe now
Launch Offer: 2 months free