A group of MP's have held an enquiry in to the way that the Barclay's Premier League is run and they want a change in the rules to prevent new owners from saddling clubs with huge debts.
The all-party Parliamentary Football Group which has no direct say in how the league is run, would if implemented, prevent takeover's similar to the Glazier family that took control of Manchester United from Manchester United PLC(David Gill CEO right).
The MP's also would stop owners issuing loans to clubs such as Chelsea's Roman Obramovich to be treated as debt.
The group also back Sepp Blatter's 6+5 rule which states that each team can only field a maximum of five foreigners in any starting eleven.
Group chairman Alan Keen MP said: "We are saying that before someone can take over a club they have to pass a test, and should be financing the takeover on money they put in and not on debt.
"We are worried about incidents where people have taken over clubs such as Manchester United where the Glazers, who have never in the past shown any interest in football, and used the club's assets to secure loans for the takeover.
"If people come into a club simply to make money, or just gives the club a loan, we are worried that at some point they will take it out and threaten the existence of that club.
"A lot of money goes from the Premier League down into the grass-roots and if someone comes in purely to make money they might decide they do not want to give any more money to the Football Foundation.
"Clubs are not mere companies and Manchester United is different from British Home Stores. Supporters feel they own the club. They deserve more than clubs just being cash cows.
"The financial world has learnt a serious lesson in the last year that living by the old adage 'if it ain't broke, don't fix it' can lead to catastrophic results. There is a real danger that English football could go the same way.''
The group says that it would welcome the Maximum of five foreign players rule to enable the development of domestic talent.
"If we wish for the fortunes of our national team to improve, we must ensure that young domestic talent is given the opportunity to get experience at the top level,'' says the report.
"We recommend that a measure is brought in to ensure that a minimum number of domestic players are to be included in a club's starting line-up.''
The MP's say that they would also welcome more independant members on the FA Board, the Premier League board and the Football Regulatory Authority.
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