Fearing that the arrival of another deep-pocketed ownership group from the Gulf might soon put even their own billionaire owners at a competitive disadvantage, Premier League teams voted Monday to restrict — for a short time at least — the new Saudi Arabian owners of Newcastle United from injecting some of their vast wealth into their newly acquired soccer team.
The decision, reached at an emergency meeting of the league’s clubs, imposed a moratorium on teams’ signing sponsorship deals with brands or companies linked to their investors. The temporary rule change — to be in place for less than a month while a permanent one is considered — is not specific to Newcastle but is a clear sign of the worry among Premier League teams that a group led by Saudi Arabia’s Public Investment Fund could soon remake the economic and competitive state of the league.