The proposed Football Governance Bill aims to eliminate state ownership in football clubs, which would lead to Newcastle and Man City owners being expelled from the Premier League.
Under Lord Bassam's proposal, state-controlled clubs must prove they are no longer state-controlled to apply for an operating license, affecting current owners significantly.
Since the takeover by PIF, Newcastle United has seen a tremendous improvement in performance, potentially allowing the club to pursue significant financial investments.
The proposed changes could render Newcastle's ambitions under PIF pointless, as the reformation of ownership rules threatens their continued participation in the Premier League.
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