Everton deducted 10 points for breach of Premier League financial rules
The Premier League vote has reportedly failed to pass a motion that would have banned related-party loans between two clubs owned by the same entities. This ensures that Newcastle CAN still loan players from clubs in Saudi Arabia owned by the Public Investment Fund (PIF). The vote was tabled after concerns were raised over links involving Eddie Howe’s side and Al-Hilal midfielder Ruben Neves.
However, the vote narrowly failed to pass as the minimum threshold of club votes to change a rule is 14 according to the Daily Mail. There were seven clubs that voted against the proposal, 13 in favour, as the resolution will not be put through.
Certain Prem chiefs wanted a temporary change to rules on “associated party transactions” that would ban the likes of Newcastle from signing players on loan from Saudi teams, which would also prevent Crystal Palace from bringing in players from Lyon.
A formal rule would then have been drafted next summer, but the proposed ban did not meet the required number of votes at the latest shareholders’ meeting.
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Whether Newcastle will press forward with a move for Neves remains to be seen. Rumours have since seen cold water poured on them and the suggestion is that he is happy since leaving Wolves in the summer.
But the Magpies are legally able to bring in the likes of Cristiano Ronaldo, Karim Benzema and N’Golo Kante should any loan move be agreed upon between all relevant parties.
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PIF owns four clubs in the Saudi Pro League: Al-Ahli, Al-Ittihad, Al-Hilal and Al Nassr. Newcastle have considered the possibility of entering the January market following Sandro Tonali’s 10-month gambling ban and their subsequent injury crisis.
The motion, held at a luxury London hotel, was expected to pass and although the majority did favour a ban – the proposal was left just one vote short of going through.
The meeting between shareholders lasted several hours and covered a number of topics, including Everton’s recent 10-point deduction and a new deal to help fund the Football League.
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