The English Premier League clubs voted on Tuesday to ban cross-party loans, a major boost for Newcastle United’s transfer hopes.
But the EPL vote reportedly failed to pass a motion that would have banned related-party loans between two clubs owned by the same entities.
This means that Newcastle can still loan players from clubs in Saudi Arabia owned by the Public Investment Fund (PIF) and the same is true for other clubs like Crystal Palace with Lyon and similar situations.
The vote was tabled after concerns were raised over links involving Newcastle and Al-Hilal midfielder Ruben Neves.
However, the vote narrowly failed to pass, as a small threshold of club votes to change a rule is 14, according to the Daily Mail. Seven clubs voted against the proposal and 13 voted in favour. As a result, the resolution could not go through.
Disclaimer: No copyright infringement intended. All rights and credits reserved to respective owner(s).