Timo Werner says he is not 'satisfied' at Chelsea following... Liverpool and Man City are flying but Norwich look... it's Stevie': Jurgen Klopp names Anfield... Newcastle takeover LIVE: The party starts as jubilant fans... Reformers want more but a lot of politicians are worried about the lower leagues. A source close to the review said: 'We are pretty sure there is going to be an end to front-of-shirt advertising. Everybody is expecting that. Newcastle United will be able to spend well over £200million strengthening their squad in the next three years, without breaching Financial Fair Play rules, if the Saudi-backed takeover goes through, financial analysts calculate.
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This season, nine of the 20 Premier League clubs have gambling companies as their front-of-shirt sponsor, as well as another six teams in the Championship. Those deals are estimated to be worth a combined £100million a year. The Premier League will now discuss the best-practice guidelines with clubs and the BGC is hoping they are adopted throughout the league. In fact, the majority of clubs' gambling partners are not covered by the BGC code.
However, analysts believe that Newcastle will actually be in a position to spend at least twice that sum between now and the end of the 2023-24 season because the current owner Mike Ashley will leave the club in a strong financial position. Liverpool and Man City are flying but Norwich look... Newcastle takeover LIVE: The party starts as jubilant fans... Timo Werner says he is not 'satisfied' at Chelsea following... it's Stevie': Jurgen Klopp names Anfield... The purchase of the club by the Saudi-led consortium is expected to be announced imminently after the Gulf state settled its piracy dispute with Premier League broadcast partner beIN Sports and gave assurances over who will control the club.
"The announcement follows an extensive consultation involving the league, its clubs and the Department for Culture, Media and Sport as part of the Government's ongoing review of current gambling legislation. The report added that sleeve deals are still permitted. According to a report in The Times, ministers have signalled that the white paper will not include shirt sponsorship restrictions if the voluntary agreement was reached.