 which governs the running of the transfer window but several clubs now want stern guarantees with Saudi Arabia emerging as a major spender in Europe. Four of the clubs in the Saudi Pro League are owned by the sovereign wealth Public Investment Fund, which controls the consortium that owns Newcastle, who are now back in the Champions League after two decades. Leading man){kind=link}
Premier League clubs want Saudi Arabia clubs to be accountable to transfer regulation that ensures late payments cannot occur amid the increasing amount of dealings with clubs from the Saudi Pro League
Premier League clubs have held talks as they seek to impose transfer regulations on Saudi Arabia, according to reports.
European clubs have bagged themselves a massive £753m profit this year as a result of a deals involving Saudi Pro League clubs, who have exercised their wealth to try and grow their division. The likes of Neymar, Fabinho, Riyad Mahrez and Ruben Neves have all headed to the kingdom as they have become major players in the market.
Several English clubs have benefited as a result by way of huge transfer fees received, but there are fears over the structure of those payments. Teams in Europe are ordered to abide by UEFA’s “no overdue payments rule” which means clubs must meet their financial obligations.
It is a pillar of European football’s balance sheet and ensures that clubs cannot be undermined financially by their rivals or they will not be licensed to play in UEFA or domestic competition. Saudi clubs are not governed by that rule though, and their dealings now account for 11 per cent of all fees paid to sides in Europe’s top divisions. Previously it had never been higher than two per cent.