Premier League golf equipment voted on Monday to impose a brief freeze on any of them signing business and sponsorship offers with companies which have hyperlinks to their membership’s homeowners.
The choice was made at an emergency assembly, after issues have been raised that Newcastle United’s new Saudi Arabian homeowners might signal profitable offers with Saudi state-owned firms.
Some 80 per cent of Newcastle is now owned by Saudi Arabia’s state sovereign wealth fund.
Eighteen golf equipment voted in favour of the freeze, whereas Newcastle voted in opposition to and Manchester Metropolis abstained.
Premier League monetary truthful play guidelines permit golf equipment to make most losses of £105m over a rolling three-year interval.
Any artificially inflated business offers would improve revenues coming right into a membership and permit them to get across the guidelines and spend greater than they’re allowed.
The momentary freeze shall be in place for a month whereas talks are held a couple of everlasting rule change.
One PL govt stated: “If we did not have the ban, there would have been nothing to cease Newcastle signing, say a £100m naming rights deal for his or her stadium with a Saudi firm linked to their homeowners.
“They might then have used that cash to purchase gamers in January and get round our monetary truthful play guidelines”