Newcastle suffer fresh blow to January transfer plans after Premier League extend sponsorship ban
3 years, 1 month ago

Newcastle suffer fresh blow to January transfer plans after Premier League extend sponsorship ban

Daily Mail  

The Premier League have risked further tension with Newcastle by extending their ban on related-party sponsorship deals until the middle of next month. Newcastle shareholder Amanda Staveley wants to agree new sponsorship deals The ban could potentially impact Eddie Howe's spending in the January transfer window Both clubs are understood to have reluctantly agreed to the extension at a virtual Premier League summit held earlier on Friday, although Newcastle will be concerned that it represents another attempt to limit their spending power as they line up new commercial contracts with companies based in Saudi Arabia. Newcastle shareholder Amanda Staveley told Sportsmail a fortnight ago that the club were 'seeking to do sponsorship deals as fast as possible,' and that some would be ready by the end of the month, but that process has now been delayed, which will lead to concerns about a potential impact on their January transfer spending. Premier League sources told Sportsmail that the ban has been extended to give the clubs more time to agree to new rules, which will also outlaw players and staff receiving payments from partner clubs.

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History of this topic

In a blow to Man City, Premier League clubs approve changes to sponsorship rules
1 month, 2 weeks ago

In a blow to Man City, Premier League clubs approve changes to sponsorship rules

The Hindu  

Premier League clubs approved changes to the league’s Associated Party Transaction rules, the English top-flight competition said on Friday, in a blow to reigning champion Manchester City which did not want the rules to be changed. The Premier League said in a statement that the rule changes addressed findings by an arbitration panel last month following a legal challenge brought …

Newcastle begin removing Sports Direct branding from St James’ Park
3 years, 1 month ago

Newcastle begin removing Sports Direct branding from St James’ Park

The Independent  

Sign up to Miguel Delaney’s Reading the Game newsletter sent straight to your inbox for free Sign up to Miguel’s Delaney’s free weekly newsletter Sign up to Miguel’s Delaney’s free weekly newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The Sports Direct signage at St James’ Park …

Newcastle hoping for lifting of ban to allow Saudi sponsors
3 years, 1 month ago

Newcastle hoping for lifting of ban to allow Saudi sponsors

Associated Press  

LONDON — Newcastle’s new Saudi ownership is hoping to start signing up sponsorships from the kingdom this month by getting a ban on such deals lifted by fellow Premier League clubs. Premier League rivals were worried Newcastle will use friendly sponsorship deals with related parties to help it comply with financial fair play rules that are in place to prevent …

Premier League sponsorship rule shows clubs are worried, says Saudi minister
3 years, 2 months ago

Premier League sponsorship rule shows clubs are worried, says Saudi minister

The Hindu  

Premier League clubs passing a temporary rule to stop teams from agreeing sponsorship deals with companies linked to their owners shows Newcastle United's rivals are worried, Saudi Arabia's Finance Minister Mohammed Al-Jadaan said on Thursday. Newcastle was taken over earlier this month for 305 million pounds by a consortium 80 per cent-led by Saudi Arabia's PIF sovereign wealth fund which …

Saudi finance minister says sponsorship vote shows Newcastle have rivals worried
3 years, 2 months ago

Saudi finance minister says sponsorship vote shows Newcastle have rivals worried

The Independent  

Sign up to Miguel Delaney’s Reading the Game newsletter sent straight to your inbox for free Sign up to Miguel’s Delaney’s free weekly newsletter Sign up to Miguel’s Delaney’s free weekly newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Saudi Arabia minister of finance Mohammed Al-Jadaan believes …

Premier League clubs vote to block teams from signing sponsorship deals with links to owners
3 years, 2 months ago

Premier League clubs vote to block teams from signing sponsorship deals with links to owners

Firstpost  

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. 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. Last week, Leeds owner Andrea …

Newcastle takeover brings celebration and controversy in equal measure
3 years, 3 months ago

Newcastle takeover brings celebration and controversy in equal measure

The Independent  

Sign up to Miguel Delaney’s Reading the Game newsletter sent straight to your inbox for free Sign up to Miguel’s Delaney’s free weekly newsletter Sign up to Miguel’s Delaney’s free weekly newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The end of the Mike Ashley era brought …

Newcastle United's Saudi takeover complete
3 years, 3 months ago

Newcastle United's Saudi takeover complete

The Hindu  

A Saudi-Arabian backed consortium completed its purchase of Premier League club Newcastle United on Thursday as a long-running takeover saga finally reached the conclusion the majority of the club's supporters desired. A statement from Yasir Al-Rumayyan, governor of PIF who will become non-executive chairman of Newcastle United, said the deal would mean long-term investment to "harness the club's potential and …

Newcastle United takeover confirmed as £305m deal with Saudi-backed consortium finalised
3 years, 3 months ago

Newcastle United takeover confirmed as £305m deal with Saudi-backed consortium finalised

The Telegraph  

The Premier League has finally approved Mike Ashley's sale of Newcastle United and claimed it has legally-binding assurances that Saudi Arabia's rulers will not interfere. The £300 million deal hands Saudi Arabia’s Public Investment Fund an 80 per cent controlling stake, with the London-based Reuben brothers paying for a 10 per cent stake, and broker Amanda Staveley receiving 10 per …

Manchester City Champions League ban: Why have they been banned and what next?
4 years, 10 months ago

Manchester City Champions League ban: Why have they been banned and what next?

The Independent  

Sign up to Miguel Delaney’s Reading the Game newsletter sent straight to your inbox for free Sign up to Miguel’s Delaney’s free weekly newsletter Sign up to Miguel’s Delaney’s free weekly newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Manchester City have been banned from Uefa club …

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