A vote by the Premier League shareholders has failed to pass a ban on affiliated-club loans amid Newcastle United links with Ruben Neves
- 19:51, 21 NOV 2023
Everton were among the Premier League clubs to block the proposed ban on signing players from affiliated teams, it has been claimed.
Earlier this month, it was reported that shareholders of top-flight clubs would come together to vote on the proposal to block related-party loans after links saw Newcastle United mooted with a move for Ruben Neves of Al Hilal.
It was recommended that the fast-track of the ban, with the vote made today (Tuesday, November 21) would protect the integrity of the competition whilst a permanent solution was settled upon.
As a result of the top-flight clubs coming together, Premier League teams failed to pass the motion by one vote.
Currently, there are no restrictions to players securing loans from foreign teams under the same umbrella of ownership as the Premier League club they move to, so long as it keeps to fair market value.
In Everton’s case, whilst not yet owned by US-based investment firm 777 Partners, in the future become part of the global network of clubs in their possession.
Their football club portfolio boasts the likes of Standard Liege (Belgium), Red Star FC (France), Vasco da Gama (Brazil), Hertha Berlin (Germany), Genoa (Italy) and Melbourne Victory (Australia).