Saudi owners allowed to execute Newcastle sponsorship deals

Saudi owners allowed to execute Newcastle sponsorship deals

Published by
Al-Araby

A temporary ban preventing Newcastle United’s Saudi ownership from signing up sponsors linked to the kingdom was lifted on Tuesday. The Saudi state’s sovereign wealth fund took control of Newcastle in October, prompting a brief ban on any clubs cashing in on commercial deals with companies linked to their investors. On Tuesday, the English Premier League agreed to new regulations allowing for sponsorships from companies associated with the club’s owners, as long as the board decides they are “fair market value”. “The unhappiness within the Premier League around the Newcastle takeover will be t…

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