Although the Premier League refused to confirm exact numbers, ESPN has been told the vote ban such loans was 13-7 in favour, falling one short of the threshold of 14 required to pass.
Newcastle's Saudi-led takeover was completed in October 2021 and PIF now runs four of the country's leading clubs: Al Nassr, Al Ittihad, Al Ahli and Al Hilal.
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.
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