Both the FA and the Premier League want clubs to divulge more information, BBC Sport online reported – this follows disclosures made by Manchester United regarding fees paid to agents and pressure from major shareholders calling on the club to improve its accounting practices.
Man Utd revealed that £13m of the £158m spent on players had been paid to agents over a three-year period.
The club has now completed a thorough review of all corporate governance procedures. It also wants more financial details of transfers to be made public in the future to safeguard its reputation.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements