Saudi Arabia’s Public Investment Fund (PIF), whose chairman is Mohammed bin Salman, the crown prince of the state of the Middle East, bought the club earlier this month as the largest shareholder in ‘a £ 300million deal.
The takeover drew scenes of jubilation from many fans at St James’ Park, but was widely criticized by the rest of the football world.
Liverpool boss Jurgen Klopp spoke last week about his reservations about the takeover, and it looks like they may be shared by other Premier League clubs.
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In a report published in The Guardian, details suggest that England’s 20 top-flight clubs met this week to discuss new legislation on trade deals with sponsorship deals.
It has been claimed that nearly every Premier League side, including Everton and Liverpool, has voted in favor of passing legislation aimed at preventing clubs from making lucrative sponsorship deals.
The vote would have passed 18-2, the two against being Newcastle and Manchester City.
Or ir could be considered 18-1-1. According to Athletic, City “abstained” from the vote while Newcastle “believes the rule is anti-competitive, backed by its own legal advice and could be illegal.”
City has a sponsorship agreement with Etihad Airways, a company owned by the government of Abu Dhabi.
The club’s majority owner, Sheikh Mansour, is a member of the Abu Dhabi Royal Family and Deputy Prime Minister of the United Arab Emirates.
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Despite the vote adopted, the report says the legislation, due to come into force next month, will only be temporary.
However, it has been claimed that the overwhelming majority of Premier League clubs want the legislation to be permanent.
The report also says that all 19 top clubs wanted a special meeting with the Premier League to find out why the Newcastle takeover was approved.
This meeting, which apparently took place last Tuesday, led to the most recent meeting on Monday with the top 20 clubs and the passage of new legislation.