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Premier League clubs unite to prevent Newcastle from cashing in on new trade deals after £ 305million Saudi takeover


PREM clubs have banded together to prevent Newcastle from profiting from new trade deals with Saudi companies.

In the latest sign of fury over the £ 305million Tyneside takeover, the clubs called an emergency meeting on Monday.

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Premier League sides have united to prevent Newcastle from profiting from trade dealsCredit: AFP

They voted 18-2 in favor of a motion that requires all sponsorship deals with member clubs to be paid for at reasonable rather than inflated “market value” in order to relax the old rules of financial fair play.

Only Newcastle – represented by outgoing chief executive Lee Charnley – and Manchester City, whose own deals have been scrutinized by rivals in the past, have voted against the proposals.

While the new rule change is only a temporary one-month stopgap, there have been calls for it to become permanent, with a number of clubs believing it will prevent the newly enriched Toons from circumvent financial regulations.

But it adds to the atmosphere of chaos and confusion among the 20 clubs, putting the future of Prem chairman Gary Hoffman at risk.

Earlier this month angry club chiefs urged Premier League bosses to step down following Newcastle buyout.

And there was growing anger over how the £ 300million Saudi-backed takeover was approved within hours without the clubs being alerted first.

SunSport reported that while outfits such as Manchester United and Tottenham are upset with the Toons deal, the real dissatisfaction is coming from the mid-table sides.

Aston Villa, Crystal Palace, Brighton and West Ham are believed to have been among the more vocal clubs asking for answers from Prem’s board.

A source from the club explained: “It was very hot and there was a lot of criticism against the board. They will know it is serious.

Premier League clubs unite to prevent Newcastle from cashing in on new trade deals after £ 305million Saudi takeover

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Gary Neville accused the Premier League of operating in a vacuum of mistrust over Newcastle dealCredit: Sky Sports

Sky Sports expert Gary Neville has taken to social media to accuse the Premier League of operating in a vacuum of mistrust.

In a post shared on Twitter, Neville wrote: “The Premier League is in a vacuum of mistrust and hesitation while plotting / claiming all the time that it does not demand independent regulation.

“ESL is still a threat and the governance of football around the world, let alone the UK, is broken. Enough is enough!”


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the-sun : Premier League clubs unite to prevent Newcastle from cashing in on new trade deals after £ 305million Saudi takeover

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