Home » Tottenham among the 18 clubs voting in favor of freeze on sponsorships link to club owners
Tottenham among the 18 clubs voting in favor of freeze on sponsorships link to club owners
By Eddie Razo -

The Newcastle United takeover has caused several Premier League clubs to share their disapproval of the sale. Now it seems these parties are looking to close up loopholes that the Saudi Arabian Public Investment Fund could use. 

Sky Sports reports that Premier League sides voted to impose a momentary freeze on any of them signing business and sponsorship deals with companies that have ties to their club’s owners.

Following the sale of Newcastle that saw PIF assume 80-percent of shares, the other 19 clubs called for a meeting, fearing the opportunity that Newcastle’s new owners could sign lucrative deals with Saudi state-owned companies. 

As a result, 18 clubs, including Tottenham Hotspur, voted in favor of the freeze. The only two clubs that didn’t vote in favor were Newcastle, who voted against; meanwhile, Manchester City abstained as their lawyers told them the vote was unlawful.

The temporary freeze will last for a month as talks continue concerning a permanent rule change. Premier League financial fair play regulations permit clubs to obtain maximum losses of £105-million across a rolling three-year span.

Tags Newcastle United NewsNow Premier League Tottenham Hotspur
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England Mike
England Mike
1 month ago

It’s like the Harry Enfield sketch of “We are considerably richer than yaww” !! ….

Football has lost it’s soul !

Archibald&Crooks
Archibald&Crooks
1 month ago

I woke up to the smell of fresh roasted coffee not long ago.
I realised that every £ put into the stadium project has come from football earnings.
This leaves ENIC with a portfolio now worth north of £1.5bn all down to what the football club earnt and of which a proportion could have been put into buying the players the top clubs buy.
When the leeches finally depart the club will see not £1 of that sale price.
If you step back it is a fantastic bit of business for ENIC but not so for THFC and I support THFC.

CowSpurs
CowSpurs
1 month ago

Yup

Is Gascoigne gonna have a crack?
Is Gascoigne gonna have a crack?
1 month ago

Pitiful.

So City and Chelsea can buy success but Newcastle can’t for some reason?

The same thing thats befell the NFL is in top flight football. Another last minute Ronaldo winner last night. Yes. Another one.
Entertainment inc.

As the commentators say….”who writes his scripts?”.

Last edited 1 month ago by Is Gascoigne gonna have a crack?
CowSpurs
CowSpurs
1 month ago

It is exactly the same reason FFP came in. It kept the likes of Utd at the top at the expense of everyone else. The footballing landscape would have been so much different if FFP wasn’t with us. Corrupt from the top down.

The Utd game was embarrassing to watch. I said at half time they would win, to be fair they missed 6 guilt edged chances in the first half! Having 2 biased commentators in Fletcher and Savage was nauseating. They were actually cheering in commentary! It was hardly the Ch Lg final. Ronaldo has an abysmal record in free kicks, even compared to your average EPL taker, but every time he stands over one Fletcher and Savage salivated like rabid dogs.

Is Gascoigne gonna have a crack?
Is Gascoigne gonna have a crack?
1 month ago
Reply to  CowSpurs

Yeah it was silly. Soon as they went 2 down quick I thought it’d be 3-2.

Billy Tonsils
Billy Tonsils
1 month ago

Mike Ashley didn’t mind a bit of Sports Direct around the place..perhaps thats the answer..sponsorship should be free ..for all teams..what’s that ..sit down shut up…

CowSpurs
CowSpurs
1 month ago

There is always a loophole to exploit, but Newcastle may not need one as City abstained because their lawyers stated the freeze was illegal. Levy et al can throw their toys out of the pram as much as they likes, but they will not stop the Saudis.

Levy could do with getting his own business in order first. Haven’t we a stadium that needs to sell sponsorship rights? We have been in it two and half years and not a penny raised, adds up to circa £60m in losses.

East Stand
East Stand
1 month ago
Reply to  CowSpurs

Sell Kyle Walker for 50m and spend more than that on failed attempts to replace him in the years following and he’d still walk (scuse the pun!) straight into our starting 11, three years later. Our transfer policy is worse than what a 12 year old could oversee on Football Manager…

CowSpurs
CowSpurs
1 month ago
Reply to  East Stand

Totally agreed. Not every transfer can go well, but ours are consistently atrocious because we are buying second tier players. Good players bed in straight away. Eriksen, Jan and Tobey didn’t need 2 seasons to settle because they were not second tier. they hit the ground running because they were good. The Arsenal lad Tommy, who we were ‘linked’ with seems to have done ok so how did we miss him over Royal? We buy absolute dross nowadays and hide behind the cultural change that they are experiencing being in London. The truth is they are totally out of their depth.

Dino
Dino
1 month ago
Reply to  CowSpurs

When it comes to transfers the top 4 clubs seem to hit around 60-70% success rate, we seem to be in that 30-40% rate that has to be primarily on Levy…as it is he who signs off the players & buys those managers dont request

Steve 'Killer Cushion' Williams
Steve 'Killer Cushion' Williams
1 month ago

Amanda Staveley helped some Saudis take a good chunk out of Barclays bank in the recession.. She also helped the Saudis takeover at Man City. She got 10 mil for that. City probably have the same Saudi Lawyers so it’s not suprising they won’t vote. Amanda tried to see a Saudi takeover of Liverpool soon after City but they failed… That strange looking woman is feeding Saudi Arabia.. I hope this is the last of it, but anyone who knows anything about PIF can’t be a fan of this Toon takeover.. Unless you’re a Geordie of course.. Lol

Sonificent
Sonificent
1 month ago

Strange looking woman. LOL.

archilbald&crooks@large
archilbald&crooks@large
1 month ago
Reply to  Sonificent

Indeed. A strange looking woMAN

James
James
1 month ago

When did levy get such high morals

DomR
DomR
1 month ago
Reply to  James

All the other clubs, except Man City, are challenging it to try and maintain a semblance of meaningful competition for Champions League places and trophies. If the Premier League greenlights another sham sponsorship — along ‘Etihad Aiways’ lines — we can forget ever seeing Tottenham in the Champions League again.

Last edited 1 month ago by DomR
East Stand
East Stand
1 month ago
Reply to  DomR

Furlough, Super Leage and now this, when will he just fu*king knuckle down and focus his attention on keeping the football team both competitive and palatable to watch? In his fancy stadium he keeps going on about. The man is just about finding constant excuses for not committing to the levels of investment in the team required.

Hes like a kid in the playground running to teacher to complain that the other kids aren’t playing the game he wants it played. Then standing behind teacher sniggering while they get told off…

Last edited 1 month ago by Easty
DomR
DomR
1 month ago
Reply to  East Stand

How is Levy or anyone else supposed to compete with the unlimited revenues of oil states? And why are you so opposed, as a Spurs fan, to efforts to stop Newcastle being allowed to lock down another of the Champions League places?

East Stand
East Stand
1 month ago
Reply to  DomR

i wouldn’t mind if he kept his own house in order first. If he and ENIC actually invested their own money to help the team remain competitive. Not allowing the makings of a great team just disintegrate over several years, then sacking everyone in an attempt to pass the blame.

I understand the concept of the opposition to what the Saudi’s might or might not do. However, our net spend and wage bill is insufficient and you need a miracle worker like Poch was to get us competitive. Many of us are tired of the constant excuses and focus elsewhere. A great stadium needs a great team and blocking the Saudi’s won’t change that one iota…

Tangangry
Tangangry
1 month ago
Reply to  East Stand

Bit of a cliche to point it out, but 5th in the league feels “competitive” if you ask me.

East Stand
East Stand
1 month ago
Reply to  Tangangry

Do you think that’s where we’ll finish?

East Stand
East Stand
1 month ago
Reply to  DomR

If Levy and ENIC did one, I would welcome an oil state owning us with open arms. FFP is a con, so if you can’t beat them you may as well join them. The idea of this being some kind of moral crusade by the clubs blocking it is laughable from owners that don’t put a penny of their own cash in to fund their teams. They want their cake and eat it, and there’s nobody worse on that score than Levy/ENIC.

Their whole operation is built on debt and borrowing, someone comes along ready and prepared to pay outright, their little heads explode…

archilbald&crooks@large
archilbald&crooks@large
1 month ago
Reply to  East Stand

clarity- thank you

East Stand
East Stand
1 month ago

Welcome!

Steve 'Killer Cushion' Williams
Steve 'Killer Cushion' Williams
1 month ago
Reply to  East Stand

Would you really welcome them to our club though.. Staveley has claimed they are a sovereign wealth but everyone knows that prince controls everything in Saudi Arabia.. Their torture methods and murders were already under international investigation. There is no free speech there. Execution for same sex relationships. Women are treated badly, not equal, because they all live by bizzare islamic law.. The worst terrorism in recent times has all come from the middle east, the recent rise of Al qaeda, Afghanistan, Iraq etc… This Saudi lot have extreme human rights offences/accusations made against them, so for many people the moral factors high.

Glory Costs Too Much
Glory Costs Too Much
1 month ago

True, but then the captured Islamic terrorists were sent to Gunatanamo Bay where they were illegally tortured. Presumably it’s alright for the “good” guys to do it?

East Stand
East Stand
1 month ago

I agree that the regimes involved are less than savoury, however I’m just focusing on the aspect of the way they would not generate debt etc. I just don’t think the rest of the clubs have any moral high ground when it comes to how they finance their operations when it’s all debt.

Billy Tonsils
Billy Tonsils
1 month ago

That’s why Britain sells them air power …says it all really

Is Gascoigne gonna have a crack?
Is Gascoigne gonna have a crack?
1 month ago
Reply to  DomR

They won’t be getting in the CL again anyway.

DomR
DomR
1 month ago

The approval of Man City’s blatantly bogus ‘sponsorship’ by an oil autocracy (sorry, by ‘Etihad Airways’) had already shown the Premier League authorities to be corrupt and opposed to fair competition. Their latest insistence that Saudi’s sovereign wealth fund is something separate from the Saudi state simply confirmed it.

Everybody can now see them approving some comical Saudi ‘sponsorship’ of St James’s park worth £700m a year. We saw from Sky’s coverage on Sunday that the football media is determined to quickly normalise this blx and paint it as being somehow good for the game. The reality is it destroys the game as a meaningful competition, quite apart from all the whitewashing of the torture and murder regime in Riyadh. The other clubs have to stop this or football in England will be reduced permanently to a tedious sharing of trophies between 3 oil oligarchies/oligarchs.

Steve 'Killer Cushion' Williams
Steve 'Killer Cushion' Williams
1 month ago
Reply to  DomR

The scary truth… Plus that Russian Chav will have a say he doesn’t seem to be leaving Stamford bridge anytime soon. Romans not afraid to spend a few quid is he.

East Stand
East Stand
1 month ago
Reply to  DomR

Oh, it’s so unfair blah blah… What, like the idea of a Super League wouldn’t be equally unfair to the rest of the football pyramid? The wealthiest clubs seem to be feeling this unfairness far more than anyone else it seems.

Much better to be in debt to the tune of £800m, because that’s not a football expenditure ‘loss’ as it was was used to build a stadium? Total bulls*it the whole thing, it just stinks of utter hypocrisy.

The Super League proposal kicks away any leg that these clubs may have had to stand on in this discussion, they want to ring-fence their operation, therefore reducing risk to enable further borrowing so their owners and parent companies can acquire even more assets. It’s that simple…

Last edited 1 month ago by Easty
Dino
Dino
1 month ago
Reply to  East Stand

Pigs with their snouts in the trough.. it will likely take between 3-5 years for the geordies to be competitive then one of the current big 4, likely Liverpool will be missing out unless Chelsea or Citeh owners bail out..I agree this is simply about Newcastle wanting a seat at the table normally reserved for others.. The EPL is in essence a local version of the super league… dont be surprised if at some stage in the next 3 years the ECL if not replaced doesnt increase from 4 to 5 the amount of EPL teams.

East Stand
East Stand
1 month ago
Reply to  Dino

Something will happen like that I’m sure. It makes more money, it will happen.

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