Premier League Clubs Reject Loan Ban, Opening the Door for Newcastle's Winter Moves
Premier League clubs have rejected a proposed temporary ban on loan deals between clubs with common owners. The surprising turn of events unfolded during the latest Premier League shareholders' meeting, where a fast-tracked proposal failed to secure the necessary 14 votes for implementation. The proposal, aimed at preventing loan deals between associated clubs, fell short by just one vote, with a 13-7 result.
Earlier this month, Mail Sport had disclosed the upcoming vote scheduled for November 21. Despite expectations of approval, the majority vote was insufficient to block associated-party loan deals in the January transfer window. This decision means that Newcastle, owned by the Public Investment Fund (PIF) of Saudi Arabia, can proceed with potential loan deals with other PIF-backed teams in the Saudi Pro League.
Newcastle's interest in loaning players from the SPL, particularly Al-Hilal's Ruben Neves, sparked concerns among some clubs about transfers between associated clubs. The shareholders' vote has now given Newcastle the freedom to engage in loan deals during the winter transfer window.
Although the likelihood of securing Neves may have diminished, Newcastle remains in contention, given the failure to pass the proposed ban. The vote occurred during a meeting of top-flight chiefs at a luxury hotel in London, covering various topics and discussions.
The meeting followed Everton's recent 10-point deduction for breaching financial rules, prompting the club to appeal the decision. Burnley, Leicester, and Leeds, all recently relegated from the Premier League, are pursuing a £300 million compensation claim, arguing that Everton's breaches helped them stay in the top flight. Success in their claim could lead to further repercussions for Everton, potentially putting them at risk of administration and an additional nine-point deduction.
As the football world watches Everton's situation unfold, attention has turned to ongoing investigations into Manchester City's alleged financial rule violations. The meeting included discussions on the progress of City's case, which involves 115 charges dating back to February.
Key figures, including West Ham vice-chairman Karren Brady and Burnley chairman Alan Pace, were seen at the meeting venue. Topics also included a new funding deal for the Football League, with reports suggesting pressure on the 'Big Six' to contribute more to a £130 million rescue fund for the EFL.
