Premier League clubs have voted AGAINST a temporary ban on incoming loan deals between clubs with the same owners, meaning the likes of Newcastle will be free to trade with PIF-backed teams from Saudi Arabia.
In a shock twist, the fast-tracked proposal was not supported by the 14 top-flight members needed to implement the change, missing out after a 12-8 ballot.
Mail Sport revealed earlier this month that the vote would take place at the next Premier League shareholders’ meeting, which was on Tuesday. It was thought the motion would be passed.
But with 11 clubs effectively part of multi-club ownership models, there was a fear that the new rule would evolve into a block on all transfers between partner clubs.