Premier League golf equipment have voted towards a ban on related-party loans forward of the January transfer window, with the movement failing to achieve the required assist of 14 golf equipment by a single vote.
The crunch vote on the Premier League shareholders’ assembly on Tuesday was break up 13-7 in favour of fast-tracking a ban on loans between related golf equipment, which meant it fell narrowly wanting the two-third majority verdict.
It means Newcastle United, for instance, will probably be free to signal gamers from golf equipment who’re additionally primarily owned by Saudi Arabia’s Public Funding fund.
The Magpies have been closely linked with former Wolves captain Ruben Neves, who accomplished a transfer to Al Hilal within the Saudi Professional League this summer time.
Newcastle have been hit by a major harm disaster in current weeks, whereas additionally shedding summer time signing Sandro Tonali for the remainder of the season attributable to a betting ban.
Manchester Metropolis, Chelsea and Brighton’s ownerships additionally function a multi-club mannequin, and the rise of such constructions prompted questions of sporting integrity and the equity of related-party transactions.
The Impartial additionally reported on Monday that Premier League golf equipment have been more likely to be break up on one other vote regarding a brand new proposed monetary distribution mannequin between the Premier League and EFL.
The vote is anticipated to create divisions between the so-called “bix six” golf equipment and the remainder of the top-flight, who consider they’ll really feel the hit of the newly proposed monetary distribution mannequin greater than the wealthier sides within the competitors.