Premier League Vote Targets Saudi Spending at Newcastle

The Premier League imposed a moratorium on sponsorships linked to investors only days after a Saudi-led group took control of one of its teams.

Fearing that the arrival of another deep-pocketed ownership group from the Gulf might soon put even their own billionaire owners at a competitive disadvantage, Premier League teams voted Monday to restrict — for a short time at least — the new Saudi Arabian owners of Newcastle United from injecting some of their vast wealth into their newly acquired soccer team.

The decision, reached at an emergency meeting of the league’s clubs, imposed a moratorium on teams’ signing sponsorship deals with brands or companies linked to their investors.

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