Premier League clubs have voted not to block loans between teams with the same owner in a boost to Newcastle, Chelsea and Manchester City, talkSPORT understands.
Plans were drawn up ahead of the latest Premier League shareholder meeting to create a temporary block on related-party loans.
It would directly affect the January transfer window – and especially Newcastle, who have been linked with former Wolves star Ruben Neves.
The motion needed 14 of the 20 clubs to vote in favour during a meeting between Premier League shareholders that was held on Tuesday, but talkSPORT understands that only 13 clubs voting for the measures, meaning that the plans will not go ahead by one vote.
It means that Newcastle will are free to sign players on loan from the PIF-owned clubs in the Saudi Pro League in January.
That includes Neves’ current club Al Hilal, and the Portugal international has been strongly linked with a loan move to Tyneside.
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Newcastle are not the only club within a multi-ownership model, with eight other Premier League teams also working in a similar way.
A proposal had been fast-tracked ahead of the meeting to ban transfers between clubs with the same ownership.
The measures would only be temporary before a long-term strategy would be drafted up to preserve the integrity of the Premier League.
Whether that long-term plan will come to fruition now remains to be seen while the temporary measures are set to be knocked down.
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talkSPORT revealed that Neves was one of the top names shortlisted by Newcastle this winter for a potential loan.
The Magpies had made Neves a top target to replace Sandro Tonali, who was handed a ten-month ban for breaking gambling rules.
But there has been outrage over how such a transfer could go ahead, considering that both clubs are owned by PIF.
Newcastle are not the only teams who could take advantage of the current loophole, though, with City and Chelsea also operating with multi-club models.
Under the guise BlueCo, Chelsea’s Clearlake Capital owners purchased Strasbourg in Ligue 1 this year.
Meanwhile, City Football Group own a roster of clubs including New York City, Melbourne City and Troyes.