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Premier League and UEFA insist that Newcastle must adhere to spending restrictions ahead of potential £300m Saudi Arabian takeover... and club's future commercial deals may also be tightly scrutinised

Newcastle fans hoping for a major spree by their club's perspective Saudi Arabian owners are set to be disappointed as the Premier League and UEFA insist spending restrictions will stay in place.

Both governing bodies have their own versions of 'financial fair play' (FFP), with the Premier League limiting owner-subsidised losses to £105million over three years and UEFA limiting three-year losses to £26m.

Spokesmen for both organisations have reiterated that there are no plans for either set of FFP rules to be softened. 'That's not under consideration,' said a Premier League spokesman.

Newcastle fans dreamed of a major spree from their perspective new Saudi Arabian owners

Newcastle fans dreamed of a major spree from their perspective new Saudi Arabian owners

'The fundamental principles of FFP will remain unchanged,' said a UEFA spokesman.