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Newcastle United secures January transfer window leverage as Premier League rejects related-party loan ban

Posted : 21 November 2023
Newcastle United will have the opportunity to secure loan deals for players from clubs controlled by their Saudi owners in the upcoming January transfer window. The Premier League clubs voted on a proposed temporary ban on related-party loans, which ultimately fell short of the required two-thirds majority to be implemented.
 
Thirteen clubs supported the ban, one vote shy of approval. The move would have prohibited loan moves between teams under the same ownership, affecting Newcastle's ability to sign players from clubs owned by Saudi Arabia's Public Investment Fund (PIF), which oversees both Newcastle and several Saudi Arabian clubs.
 
Despite the Premier League's inclination to introduce the ban temporarily, it was not widely endorsed by the clubs. This means Newcastle, backed by a Saudi-backed takeover in 2021, can pursue loan deals for players from clubs under PIF ownership, such as Al-Hilal, where former Wolves captain Ruben Neves currently plays.
 
The ban, if passed, would only have applied to incoming loans and not affected outgoing transfers. Newcastle's manager, Eddie Howe, expressed openness to signing players from PIF-controlled Saudi sides if allowed, emphasizing the importance of talent regardless of affiliations.
 
Newcastle's potential interest in 26-year-old Neves, who joined Al-Hilal for £47m in June, comes as they seek to address a midfield gap created by Sandro Tonali's 10-month ban for breaching betting rules. PIF, led by Newcastle chairman Yasir Al-Rumayyan, holds significant assets of £250bn, making Newcastle one of the wealthiest clubs globally.
 
The vote represents a rare defeat for the Premier League, which faced concerns from some clubs about the potential unfair advantage related-party loans might confer to rivals. Additionally, the clubs did not approve a proposed £900m financial settlement known as the 'New Deal' with the English Football League, highlighting ongoing challenges in reaching a consensus on key financial matters.
 

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