Tottenham Hotspur are among a host of teams who voted to ban deals that involve a pre-existing business relationship
It is believed that Manchester City and Newcastle United were the only clubs that weren’t in favour of the ban. This could substantially impact the Magpies who have just come under new ownership and will be looking to change the dynamics and ambitions of the club.
A takeover led by the Saudi Arabia’s Public Investment Fund (PIF) has seen Newcastle become the richest club in the world overnight. The other clubs would hope that this stops them from gaining an unfair advantage in the years to come.
The Toons have been linked to a host of top-class players after news of the new ownership was announced. Top clubs like Spurs have every reason to be worried as the Tyneside club could emerge as another competitor with bucketloads of money to boost their progress.
Newcastle’s owners could be looking to pool some of their resources and investment into the club and a lucrative sponsorship deal would be a great way of doing that. It is alleged that this rule was voted through on Monday with 18 clubs in the Premier League speaking up against it.
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Right now there will be a temporary ban on any such deals. A working party will be set up to investigate whether any permanent decision should be made regarding this. There has been a huge inflow of money in modern-day football due to te global viewership of the sports. The Premier League is one of the most lucrative footballing competitions in the world. Only the future will tell what this decision hold for a majority of the PL clubs.