Efforts to introduce a temporary ban on Premier League sides loaning players from associated clubs has failed to garner enough support at Tuesday's shareholders' meeting, sources have told ESPN.
Although the Premier League refused to confirm exact numbers, Sources have told ESPN that the vote to ban such loans was 12-8 in favour, with 14 needed to pass the resolution.
It means that Newcastle United are free to sign players from clubs also owned by Saudi Arabia's Public Investment Fund in January.
There are a total of 11 Premier League clubs who have similar associations including Manchester City, Arsenal, Aston Villa and Crystal Palace, but it is not known which -- if any -- of these teams voted against the proposal.
Many sides use this internal network to send young players on loan and the fear of this practice being affected is thought to have been one reason behind the vote falling short.