New proposals could lead to Newcastle and Man City owners losing their clubs.
The main concern is about state ownership of football clubs. Lord Bassam of Brighton has suggested new rules that would stop state-controlled clubs from operating in the league. This proposal has sparked a lot of debate among fans and officials.
Since PIF took over Newcastle, the club has seen significant improvements. Many believe that with this positive trend, Newcastle could soon make a big signing worth around £90 million. The chairman, Yasir Al-Rumayyan, has been welcomed by fans, showing the club’s renewed hope.
There are also potential changes to the Premier League’s Profit and Sustainability Rules that could help Newcastle. However, these changes might not matter if the new Football Governance Bill is passed.
Reports indicate that if the bill goes through, both Newcastle and Manchester City could lose their owners. Lord Bassam’s proposal states that no state-controlled club can receive an operating license. Clubs must prove they are no longer state-controlled to apply for this license.
The definition of a state-controlled club includes those owned by individuals or entities influenced by state actors. This includes government members, their families, and representatives of sovereign wealth funds. The implications of this proposal could reshape the future of these clubs in the Premier League.
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