Newcastle United Vs Liverpool Tickets: Newcastle United vote against as Burnley & Liverpool Football club want owners sponsors blocked
Newcastle United was taken over two weeks ago, Burnley is one of 18 Premier League Football clubs voting to prevent clubs from signing sponsorship deals with their owners. The decision was made at an emergency Premier League Football club meeting on Monday following the takeover of Saudi-led Newcastle United about two weeks ago.
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The Magpies were taken over by an organization that included
CPP Capital Partners, Ruben Brothers, and the Saudi Investment Fund. Since the
big money was taken, concerns have been expressed by Toon's new owners, with 80
percent of the ownership of Saudi Arabia's state fund and the remaining 20
percent divided equally between the new director Amanda Staveley and the Reuben
brothers.
Since the takeover, many clubs have expressed concern over
Newcastle united ability to hold on to football, intimidating others, due to
the wealth of the owners. Now, 18 Premier League Football clubs, including Newcastle
United, have voted to allow ice to be made on commercial and sponsorship
agreements, linking the owners of any Premier League Football club.
Manchester City Football club decided not to comply and
Newcastle voted in favor of the new law, reportedly because they agreed with
Newcastle United legal advice that the amendment was illegal. One news channel
reports that senior airlines have complained to the league against Newcastle on
October 7, over 'frustration over how the agreement passed the owners' and
directors' examinations. For more to know About Liverpool
Football Tickets.
Premier League Football clubs, under the relevant gaming
rules, are allowed to make a maximum loss of £ 105million over three years. Any
sponsored commercial agreements can increase the club's revenue and allow them
to set rules and spend more money, as much as possible on transfers, than they
are legally allowed to do.
The temporary detention will only take place for one month
while negotiations are held on a permanent change of law that all 20 parties
must comply with. The chief executive of the Premier League Football club,
whose name has not been released, said: If we did not have this ban, there
would be no barrier for Newcastle to sign a patent agreement with a Saudi
company linked to its owners.
They could have used that money to buy players in January
and get our fair play rules. Newcastle's new owners, who watched Sunday's 3-2
defeat by Tottenham Hotspur, have high hopes of moving the club forward, with
goals such as winning the Premier League Football club title in the future set.
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