On Tuesday, Premier League clubs voted on banning loan transfers between clubs with shared owners, and were split 13-7 in favour.
However, 14 votes are required to pass such a law meaning that it will not be implemented ahead of the January transfer window, freeing Newcastle to sign players from Saudi Pro League clubs that their owners, the Public Investment Fund, have majority stakes in.
According to The Times, the seven clubs who voted against the ban were Newcastle, Chelsea, City, Sheffield United, Everton, Wolves and Nottingham Forest.
All of them – bar Wolves – are part of multi-club ownership models and like the Magpies will be able to continue signing players from sides they are linked to.
Chelsea’s owners BlueCo acquired French side Strasbourg back in June,
Manchester City are the flagship team in the City Football Group that has stakes in many clubs around the world, as does Sheffield United’s owner, Saudi prince Abdullah bin Musaid Al Saud.
Evangelos Marinakis owns both Forest and Greek giants Olympiakos, while 777 Partners – who are set to takeover Everton – own the likes of Genoa and Standard Liege.
The Times also reports that some of the 13 in favour of the ban are angry that Abdullah bin Musaid Al Saud voted against, perhaps due to his connection to Saudi Arabia and the PIF.
More to follow…
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