Premier League clubs to make vote that could lead to ban on Newcastle from signing Ruben Neves on loan
Premier League clubs are to stage a vote to ban clubs from loaning players from teams under the same ownership, talkSPORT understands.
It is set to directly affect Newcastle, who were reportedly preparing a move for Ruben Neves in the January transfer window on loan.
The Portugal international signed for Al Hilal in the summer, who are also under the majority ownership of Saudi Arabia's Public Investment Fund that own Newcastle.
Premier League clubs could end such a pursuit in a vote at the next shareholders' meeting on November 21.
If 14 of the 20 clubs vote for the motion then it will be passed.
Newcastle are one of nine Premier League clubs working within multi-ownership models.
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A proposal will be fast-tracked to ban such transfers on a temporary basis before a long-term strategy can be decided to preserve the integrity of the Premier League.
Neves signed for Al Hilal from Wolves last summer, ditching the Premier League in the process to play alongside Aleksandar Mitrovic and Neymar.
talkSPORT revealed that the midfielder was one of the top names shortlisted by Newcastle this winter for a potential loan.
The Magpies are eyeing a midfielder after Sandro Tonali was handed a 10-month ban for breaking gambling rules.
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With Al Hilal and Newcastle both majorly owned by PIF, question marks arose over the legality of such a transfer.
But currently, there are no rules that prevent such a move from going ahead, provided it is deemed fair market value.
That could change on November 21, if 14 out of 20 clubs rule in favour of the temporary guidelines proposed.
Newcastle are not the only team to have an owner who has vested interests elsewhere.
Manchester City and Chelsea both fall under the same category, operating with multi-club models.