The Premier League has lifted its ban on clubs striking sponsorship agreements with firms linked to their owners -- a move which will allow Newcastle United to sign deals with Saudi Arabian companies.

Huge relief! Newcastle United cleared to make Saudi deals if 'fair value'

English Premier League has approved the stunning and long-awaited takeover of Newcastle United on Thursday (October 7) as the club is now under new Saudi ownership after Mike Ashley agreed to a £305 million deal.

Premier League approves as Saudi-led consortium completes £305 million deal to gain control of Newcastle

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Huge relief! Newcastle United cleared to make Saudi deals if 'fair value'

Premier League approves as Saudi-led consortium completes £305 million deal to gain control of Newcastle