Premier League Clubs Vote To Block Sponsorship Deals Linked To Owners: Report

Premier League golf equipment have voted to briefly block groups from hanging profitable offers with companies which have hyperlinks to their membership’s house owners after the Saudi Arabia-backed takeover of Newcastle. The Guardian newspaper reported 18 golf equipment voted in favour of the ban at an emergency assembly on Monday, with Newcastle voting in opposition to and Manchester City abstaining. It is known that each questioned the legality of the transfer. A short lived month-long ban on such offers will likely be put in place whereas the potential of a everlasting ban is debating.

Many golf equipment within the English top-flight worry Newcastle’s rich Saudi house owners might conclude agreements within the oil-rich kingdom that would give them a bonus.

Last week, Leeds proprietor Andrea Radrizzani stated Financial Fair Play guidelines should be enforced to make sure the 20 Premier League golf equipment are “playing the same game”.

Premier League champions City, who’re owned by the Abu Dhabi United Group, have struck offers which are generally known as associated social gathering transactions, for instance sponsorship from Etihad Airways, the Abu Dhabi government-owned provider.

The Newcastle takeover was rubber-stamped by the Premier League earlier this month after it acquired legally binding assurances that the Saudi state wouldn’t management the membership.

That was even supposing Saudi Arabia’s state sovereign wealth fund — the Public Investment Fund (PIF) — owns 80 p.c of the membership and Crown Prince Mohammed bin Salman is listed because the PIF board’s chairman.

Promoted

PIF governor and new Newcastle chairman Yassir Al-Rumayyan was in attendance for the membership’s first match for the reason that takeover on Sunday, which they misplaced 3-2 to Tottenham.

Newcastle are at present second from backside of the Premier League, with out a win of their first eight video games.