English Premier League clubs voted on Tuesday to ban inter-party loans, giving Newcastle United a big boost to their transfer hopes.
However, the EPL vote reportedly did not pass a motion to ban related party financing between two clubs owned by the same entity.
This means Newcastle can continue to loan players from Saudi Arabian clubs owned by the Public Investment Fund (PIF), and the same applies to Lyon’s Crystal Palace and other clubs in a similar situation.
The vote came after concerns were raised about Newcastle’s links with Al Hilal midfielder Ruben Neves.
However, according to the Daily Mail, the vote narrowly failed due to the 14 club votes needed to change the rules. Seven clubs voted against the proposal and 13 clubs voted in favor. As a result, the resolution was not passed.