Premier League clubs vote to impede sponsorship deals coupled to owners
Premier League clubs vote to stop sponsorship deals joined to owners
Published on: 2021-10-19 11:51
1 MIN READ
Greater london - Premier League clubs have voted to temporarily obstruct teams from impinging remunerative deals with businesses that have golf links to their club's owners after the Saudi arabian Arabia-backed putsch of Newcastle.
The Shielder paper rumored 18 clubs voted in favor of the ban at an parking brake encounter on Monday, with Newcastle vote against and Manchester City abstaining. It is tacit that both questioned the legality of the move.
A acting month-long ban on such deals will be put in set back patc the hypothesis of a unending ban is debating.
Many clubs in the English top-hole fear Newcastle’s loaded Asian country owners could reason out agreements in the oil-rich land that could give them an advantage.
Last week, Leeds possessor Andrea Radrizzani said Financial Fair Play rules must be implemented to control the 20 Premier League clubs are "playing the same game".
Premier League champions City, who are closely-held by the Abu Dhabi United Group, have smitten deals that are illustrious as consanguine political party transactions, for instance sponsorship from Etihad Airways, the Abu Dhabi government-owned carrier.
The Newcastle-upon-tyne putsch was rubber-stamped by the Premier League earliest this calendar month after it standard legally constricting assurances that the Asian nation state of matter would not ensure the club.
That was contempt the fact that Saudi arabian Arabia's put forward supreme riches fund - the Common Investment funds Fund (PIF) - owns 80 percentage of the club and Top Prince Muhammad bin Salman is traded as the PIF board's chairman.
PIF regulator and new Newcastle-upon-tyne chairperson Yassir Al-Rumayyan was in attending for the club's number 1 pair since the coup d'etat on Sunday, which they lost 3-2 to Tottenham.
Newcastle are currently forward from stern of the Premier League, without a win in their start 8 games.
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