Premier League clubs fail to pass rule change as Newcastle handed major transfer boost
Premier League club's have failed to pass a motion to block related-party loans in the January transfer window by one vote.
Earlier in November it was said that the shareholders of top-flight clubs would come together to vote on the proposed fast-track of the ban today. This was recommended to protect the integrity of the competition whilst a permanent solution was settled upon.
However two thirds of the league - 14 votes - are required to pass a motion and although a majority agreed, it was 13 against seven and therefore no rules will be altered heading into the winter transfer window.
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At present that means 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 Liverpool's case Fenway Sports Group do not own any other elite football clubs - only currently having financial interest in other sports such as baseball, golf and ice hockey amongst others.
Everton on the other hand, whilst not owned by 777 Partners yet, would in the future become part of the global network of clubs in their possession. The US-based investment firm has ownership ties to Standard Liege (Belgium), Red Star FC (France), Vasco da Gama (Brazil), Hertha Berlin (Germany), Genoa (Italy) and Melbourne Victory (Australia).
The other clubs that operate under their own separate multi-club models are Manchester City, Chelsea, Newcastle United, Brighton, Aston Villa, Crystal Palace, West Ham, Nottingham Forest and Bournemouth.
Read on liverpoolecho.co.uk
