Police say no further action will be taken after a banner displayed by Crystal Palace fans targeted the Saudi Arabian-led takeover of Newcastle United.
The banner took aim at the Premier League's ownership test, following Newcastle's recent £305m sale.
It was displayed during Palace's 1-1 draw with Newcastle on Saturday.
"Following an assessment, officers have concluded that no offences have been committed," said Croydon police.
"No further action will be taken."
The banner featured illustrations of a man dressed in traditional Arabic clothing alongside what appeared to be Premier League chief executive Richard Masters.