Only 60 per cent of Premier League clubs voted for the new undisclosed changes to Premier League finance rules, which will impact Chelsea and Todd Boehly as well as Arsenal and Tottenham.
The Premier League is set to tighten ‘associated-party’ finance rules for Chelsea, Arsenal, Tottenham and other Premier League sides after 12 clubs voted in favour of turning the screw on cash competition regulations
There has been growing concern about transfer and payment agreements between football entities that share pre-existing connections and close relationships. Last year, Premier League clubs had voted against imposing a temporary January transfer ban on loan signings between clubs with shared ownership.
The topic had been highlighted amid worry over financial fairness following Saudi links with players from Newcastle United, who are owned by the Saudi Public Investment Fund. Allegations regarding ‘off-the-book’ payments at another Premier League club have also been raised.
League officials first decided to adopt stronger transaction rules to ensure a fair market regarding sponsors and transfers in 2021 following concern about the Saudi PIF’s takeover of Newcastle. In June, the Magpies secured a lucrative multi-year front-of-shirt sponsorship deal with Saudi-based business Sela.
Meanwhile, questions are being raised over Manchester City’s interest in winger Savio. The attacker, currently on loan at Spanish club Girona, is yet to make his debut for French second-tier parent club Troyes, who are also part of the City Football Group.
