Soccer-Premier League sponsorship rule shows clubs are worried - Saudi minister


FILE PHOTO: Saudi Minister of Finance Mohammed al-Jadaan gestures as he speaks during a news conference to announce the country's 2021 budget, in Riyadh, Saudi Arabia December 15, 2020. REUTERS/Ahmed Yosri/File Photo

(Reuters) - Premier League clubs passing a temporary rule to stop teams from agreeing sponsorship deals with companies linked to their owners shows Newcastle United's rivals are worried, Saudi Arabia's Finance Minister Mohammed Al-Jadaan said on Thursday.

Newcastle were taken over earlier this month for 305 million pounds ($420.50 million) by a consortium 80%-led by Saudi Arabia's PIF sovereign wealth fund which is chaired by the Saudi Crown Prince Mohammed bin Salman.

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