In January, the Premier League’s attempt to prohibit loan transfers between affiliated party clubs has failed.
This was done to stop a team like Newcastle from loaning out a player owned by Saudi Arabia Public Investment Fund. They have also been linked with the temporary transfer of Ruben Neves, formerly from Al-Hilal.
The Premier League needed to have 14 of the 20 clubs vote in favor at a shareholders meeting held on Tuesday, London.
Reports claim that the votes were 13-7 for a ban. This was short of the required threshold.
Newcastle, which is currently suffering from an injury crisis, can now bring on loan former Wolves midfielder Neves to replace Sandro Tonati, who was banned for 10 months after breaking gambling rules.
Manchester City could also loan out players to other City Football Group clubs.
The Premier League suffered another setback when the clubs failed to accept the terms of a PS900million settlement reached between the Premier League and the English Football League.
It is believed that the Premier League had wanted to vote on this package during its meeting of Tuesday, but no such voting took place.
A three-hour debate has not resolved the issue of new measures to control costs for Premier League clubs and EFL teams.
Premier League is eager to resolve the issue before the independent football regulator can be established.