Newcastle: Premier League clubs vote to block sponsorship deals linked to owners

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Before kick-off, Newcastle fans lined streets in front of St James' Park

After the 305 million Saudi Arabia-backed takeover of Newcastle, Premier League clubs voted to temporarily stop teams from agreeing to lucrative sponsorship deals that were tied to club owners.

At an emergency meeting Monday, 18 clubs voted for the ban.

Newcastle voted against the move, while Manchester City abstained. Both cities questioned the legality.

This means that deals related to club owners will be temporarily suspended for a month while this issue is being considered.

After the Newcastle takeover was completed, top-flight teams protested to the league. They were unhappy with the way the deal was passed by the directors and owners.

Andrea Radrizzani, Leeds' owner, stated last week that Financial Fair Play rules must apply to the takeover in order for the 20 Premier League clubs to "play the same game".

After receiving "legally binding assurances that the Saudi state would not take control of the club," the Premier League approved the takeover.

The state is not considered to be separate from the Public Investment Fund (PIF), which will provide the 80% of the funds.

This is despite Mohammed bin Salman, Crown Prince of Saudi Arabia being listed as the chair of PIF.

PIF's assets are worth 250 billion dollars, making Newcastle one the most wealthy clubs in the world.

Numerous European major clubs have sponsorship deals that are linked to their owners.

Etihad, Abu Dhabi's airline, sponsors Manchester City's stadium and training facility as well as shirts. The club was taken over by Abu Dhabi owners in 2008.

After being cleared of all major charges regarding manipulation of sponsorship deals at the Court of Arbitration for Sport appeal last summer, City was able to overturn a two year ban from European club competition for financial fair play violations.

Premier League has not concluded its own investigation into City's violation of FFP rules.