Premier League clubs will have to submit details of commercial deals for approval by their rivals under new rules agreed among the top flight’s 20 shareholders.
The rules are a direct response to the £305million Saudi Arabian-led takeover of Newcastle United and will curb the potential spending power of clubs like the Magpies that are owned – or part-owned - by a state
The top flight started drawing up the rules in October after the takeover of Newcastle United by a consortium 80 per cent owned by the Saudi state’s Public Investment Fund (PIF).