Premier League club's have failed to pass a motion to block related-party loans in the January transfer window by one vote.
Earlier in November it was said that the shareholders of top-flight clubs would come together to vote on the proposed fast-track of the ban today. This was recommended to protect the integrity of the competition whilst a permanent solution was settled upon.
However two thirds of the league - 14 votes - are required to pass a motion and although a majority agreed, it was 13 against seven and therefore no rules will be altered heading into the winter transfer window.
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At present that means there are no restrictions to players securing loans from foreign teams under the same umbrella of ownership as the Premier League club they move to, so long as it keeps to fair market value.
In Liverpool's case Fenway Sports Group do not own any other elite football clubs - only currently having financial interest in other sports such as baseball, golf and ice hockey amongst others.
Everton on the other hand, whilst not owned by 777 Partners yet, would in the future become part of the global network of clubs in their possession. The US-based investment firm has ownership ties to Standard Liege (Belgium), Red Star FC (France), Vasco da Gama (Brazil), Hertha Berlin (Germany), Genoa (Italy) and Melbourne Victory (Australia).
The other clubs that operate under their own separate multi-club models are Manchester City, Chelsea, Newcastle United, Brighton, Aston Villa, Crystal Palace, West Ham, Nottingham Forest and Bournemouth. Manchester United would also be joining this list along with Everton if Sir Jim Ratcliffe acquires a 25 percent stake in the club, which adds up to 12 in total.
Although today's vote was not explicitly done to stop one club, a key component of it beforehand was Newcastle's ties to the Saudi Pro League through the Gulf state's Public Investment Fund (PIF).
The PIF took 75 percent ownership in each of Al-Ahli, Al-Ittihad, Al-Nassr and Al-Hilal - the latter of which signed midfielder Ruben Neves from Wolverhampton Wanderers last summer and has been the most high-profile footballer subject to speculation of a loan down a clear path to St. James' Park to ease their injury turmoil.
So ultimately as things stand, both the Reds and Blues' rivals can still take advantage of their connections in the upcoming window.
