At An Emergency Meeting Of Premier League Teams, The Clubs Decided To Ban Newcastle Sponsorship Arrangements

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The Premier League teams’ opposition to the takeover of Newcastle United was highlighted on Monday when they passed laws preventing the Saudi owners from striking lucrative sponsorship deals.

Newcastle stated during the emergency meeting of all 20 clubs that the regulation change, which will temporarily prohibit commercial partnerships including pre-existing business relationships, is anti-competitive. They were represented by Lee Charnley, the current managing director, rather than Amanda Staveley, the director and minority stakeholder who is currently in charge of the day-to-day operations of the club. Charnley is said to have stated that his club had received legal opinion that the modification was illegal.

However, the clubs persisted in voting, and it passed with 18 votes in favor and only Newcastle voting against. Manchester City did not vote. They are thought to have done so after receiving legal advice that the process was illegal. City, who are controlled by the Abu Dhabi United Group, have done related party transactions in the past. One example is the sponsorship they received from Etihad Airways, the Abu Dhabi government-owned airline.

source : Guardian sport

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