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Premier League Clubs Vote To Block Sponsorship Deals Linked To Owners - Sports - Nairaland

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Premier League Clubs Vote To Block Sponsorship Deals Linked To Owners by Nobody: 12:24pm On Oct 19, 2021
Premier League clubs have voted to temporarily block teams from striking lucrative deals with businesses that have links to their club's owners after the Saudi Arabia-backed takeover of Newcastle.

The Guardian newspaper reported 18 clubs voted in favour of the ban at an emergency meeting on Monday, with Newcastle voting against and Manchester City abstaining. It is understood that both questioned the legality of the move.

A temporary month-long ban on such deals will be put in place while the possibility of a permanent ban is debating.

Many clubs in the English top-flight fear Newcastle’s wealthy Saudi owners could conclude agreements in the oil-rich kingdom that could give them an advantage.

Last week, Leeds owner Andrea Radrizzani said Financial Fair Play rules must be enforced to ensure the 20 Premier League clubs are "playing the same game".

Premier League champions City, who are owned by the Abu Dhabi United Group, have struck deals that are known as related party transactions, for example sponsorship from Etihad Airways, the Abu Dhabi government-owned carrier.

The Newcastle takeover was rubber-stamped by the Premier League earlier this month after it received legally binding assurances that the Saudi state would not control the club.

That was despite the fact that Saudi Arabia's state sovereign wealth fund -- the Public Investment Fund (PIF) -- owns 80 percent of the club and Crown Prince Mohammed bin Salman is listed as the PIF board's chairman.

PIF governor and new Newcastle chairman Yassir Al-Rumayyan was in attendance for the club's first match since the takeover on Sunday, which they lost 3-2 to Tottenham.

Newcastle are currently second from bottom of the Premier League, without a win in their first eight games.

SOURCE

Re: Premier League Clubs Vote To Block Sponsorship Deals Linked To Owners by echobazz: 2:09pm On Oct 19, 2021
Y
Re: Premier League Clubs Vote To Block Sponsorship Deals Linked To Owners by CrestMan: 2:09pm On Oct 19, 2021
Hmmmm
Re: Premier League Clubs Vote To Block Sponsorship Deals Linked To Owners by Moony45: 2:09pm On Oct 19, 2021
kk
Re: Premier League Clubs Vote To Block Sponsorship Deals Linked To Owners by jeff1607(m): 2:09pm On Oct 19, 2021
Re: Premier League Clubs Vote To Block Sponsorship Deals Linked To Owners by DoctorDree(m): 2:10pm On Oct 19, 2021
Good move
They can’t eat their cake and have it at the same time
You want to invest and also control everything and anything around the club

1 Like 1 Share

Re: Premier League Clubs Vote To Block Sponsorship Deals Linked To Owners by Sunisonflex39(m): 2:10pm On Oct 19, 2021
Anything to cripple Newcastle is welcome.. Because na my arsenal go suffer am if e stand..

Them go dey beat us steadily

19 Likes

Re: Premier League Clubs Vote To Block Sponsorship Deals Linked To Owners by Damidave1124(m): 2:10pm On Oct 19, 2021
Lol, fear don catch all of em, except city. Una go hear am for Newcastle hand next season grin cheesy grin

23 Likes 1 Share

Re: Premier League Clubs Vote To Block Sponsorship Deals Linked To Owners by StayMotivated: 2:10pm On Oct 19, 2021
Omo na to leave Man Utd go join Newcastle next season. Since Man Utd board no gree sack Ole grin

25 Likes 1 Share

Re: Premier League Clubs Vote To Block Sponsorship Deals Linked To Owners by hollaryincar(m): 2:10pm On Oct 19, 2021
O ga o
Re: Premier League Clubs Vote To Block Sponsorship Deals Linked To Owners by NwaNimo1(m): 2:10pm On Oct 19, 2021

17 Likes 1 Share

Re: Premier League Clubs Vote To Block Sponsorship Deals Linked To Owners by Patrioticman007(m): 2:11pm On Oct 19, 2021
Arabs OIL money making changes in developed economies of the world, while our oyel money is only good for oloshos & alcoholism.

28 Likes 2 Shares

Re: Premier League Clubs Vote To Block Sponsorship Deals Linked To Owners by Falseprofet2: 2:11pm On Oct 19, 2021
I see bad belle from the old teams like liverpool, manu, chelsea

I see the courts deciding this.
I see it been upturned

I see newcastle becoming like man city in five years

This i am seeing

10 Likes 2 Shares

Re: Premier League Clubs Vote To Block Sponsorship Deals Linked To Owners by Snails: 2:11pm On Oct 19, 2021
I see it as a witch-hunt to city and Newcastle but it is actually a step in the right direction.

4 Likes 1 Share

Re: Premier League Clubs Vote To Block Sponsorship Deals Linked To Owners by Polynek(m): 2:12pm On Oct 19, 2021
Politics gradually taken over football undecided

6 Likes 1 Share

Re: Premier League Clubs Vote To Block Sponsorship Deals Linked To Owners by Obyangel: 2:13pm On Oct 19, 2021
Jealousy, Newcastle will do what PSG, Man City, Chelsea and United did. Una never see spending, Arab money don put fear for der body.

13 Likes

Re: Premier League Clubs Vote To Block Sponsorship Deals Linked To Owners by Flexherbal(m): 2:13pm On Oct 19, 2021
Snails:
I see it as a witch-hunt to city and Newcastle but it is actually a step in the right direction.
Everybody dey do the one wey go favour am.
Re: Premier League Clubs Vote To Block Sponsorship Deals Linked To Owners by Abfinest007(m): 2:14pm On Oct 19, 2021
This how mancity use a company owned by their owners to secured a lucrative deal for man city even psg did same.new castle would have done same

5 Likes

Re: Premier League Clubs Vote To Block Sponsorship Deals Linked To Owners by adioolayi(m): 2:14pm On Oct 19, 2021
Football is business and entertainment...

If they have the will..why not

Others should sell their clubs to highest bidders too if they cannot fund the club.


We want entertainment...to the fullest..that's why we watch football matches.

4 Likes

Re: Premier League Clubs Vote To Block Sponsorship Deals Linked To Owners by Szilard: 2:14pm On Oct 19, 2021
.
Re: Premier League Clubs Vote To Block Sponsorship Deals Linked To Owners by Kingpele(m): 2:15pm On Oct 19, 2021
Good move,as far as am not an Arsenal fan ,am at peace..Liverpool for live
Re: Premier League Clubs Vote To Block Sponsorship Deals Linked To Owners by enemyofprogress: 2:15pm On Oct 19, 2021
This life na politics

2 Likes

Re: Premier League Clubs Vote To Block Sponsorship Deals Linked To Owners by KingLennon(m): 2:16pm On Oct 19, 2021
The English FA will always move to end moves that will become a threat to their financial business.
..



Newcastle will make Europa league two seasons from now

1 Like

Re: Premier League Clubs Vote To Block Sponsorship Deals Linked To Owners by OLDESTWARRIBOY: 2:16pm On Oct 19, 2021
Everybody dey fear gan..

Dem no wan hear say Kuwait buy Crystal Palace or Qatar buy Watford. cheesy cheesy

English Premier league may become super league after all

Make Nigeria still go buy na...maybe AssAnnal with Dangote Refinery Money!!

3 Likes 1 Share

Re: Premier League Clubs Vote To Block Sponsorship Deals Linked To Owners by DOTian: 2:16pm On Oct 19, 2021
Envy!
So much noise since the Saudi take over of Newcastle.
Makes you wonder if it was not the same with PSG, Mancity, Man United, Milan, Chelsea etc...
Wealthy owners bought these clubs before. Everybody is upset because the Saudis have come with their huge millions?

7 Likes

Re: Premier League Clubs Vote To Block Sponsorship Deals Linked To Owners by Kriely(m): 2:17pm On Oct 19, 2021
grin Nobody wants another Man City

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