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| Version 8 | Version 9 |
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| Bung inquiry targets 17 transfers | Bung inquiry targets 17 transfers |
| (10 minutes later) | |
| The Premier League has targeted 17 transfers that need more investigation following Lord Stevens' inquiry into illegal payments in football. | The Premier League has targeted 17 transfers that need more investigation following Lord Stevens' inquiry into illegal payments in football. |
| But Lord Stevens, who was investigating a total of 362 transfers, has not given details of the 17 questionable deals. | But Lord Stevens, who was investigating a total of 362 transfers, has not given details of the 17 questionable deals. |
| Premier League chief executive Richard Scudamore said a "small but significant number of agents" would not co-operate. | Premier League chief executive Richard Scudamore said a "small but significant number of agents" would not co-operate. |
| Lord Stevens' team, which has made 38 recommendations to safeguard the game's integrity, will begin a new inquiry. | Lord Stevens' team, which has made 38 recommendations to safeguard the game's integrity, will begin a new inquiry. |
| Live: Lord Stevens reveals his findings Five Live Factfile: Stevens' Bung Inquiry Interview: David Mellor | Live: Lord Stevens reveals his findings Five Live Factfile: Stevens' Bung Inquiry Interview: David Mellor |
| The findings of the nine-month inquiry were revealed at a news conference on Wednesday. | The findings of the nine-month inquiry were revealed at a news conference on Wednesday. |
| Among the recommendations was the creation of a new body to handle the audit of transfers, rather than the Football Association. | Among the recommendations was the creation of a new body to handle the audit of transfers, rather than the Football Association. |
| "The FA and the compliance unit does not have the credibility of the public or the clubs," said Lord Stevens. | "The FA and the compliance unit does not have the credibility of the public or the clubs," said Lord Stevens. |
| "The proposed regulation and compliance unit must be established with expertise and independence to take on this work. | "The proposed regulation and compliance unit must be established with expertise and independence to take on this work. |
| "Part of the FA's problems has been the lack of forensic investigators and accountants. The work must be preventative." | "Part of the FA's problems has been the lack of forensic investigators and accountants. The work must be preventative." |
| Lord Stevens said every one of his recommendations had to be implemented. | Lord Stevens said every one of his recommendations had to be implemented. |
| "Failure to do so will result in the game remaining under attack and its remaining members subject to allegations and innuendo," he said. | |
| Lord Stevens also criticised the lack of assistance he had received from some agents during the course of his team's investigation. | Lord Stevens also criticised the lack of assistance he had received from some agents during the course of his team's investigation. |
| "Agents' failure to respond has resulted in delays to this inquiry," he added. | "Agents' failure to respond has resulted in delays to this inquiry," he added. |
| "We will be providing the Premier League with a number of incidences where mandated processes have not been followed." | "We will be providing the Premier League with a number of incidences where mandated processes have not been followed." |
| Lord Stevens said punishment for anyone who does not comply with the financial regulations must be severe. | |
| "Punishments must have a significant deterrent," he said. | "Punishments must have a significant deterrent," he said. |
| "Money alone may not be appropriate as a sanction alone. | "Money alone may not be appropriate as a sanction alone. |
| "Seasoned investigators and forensic accountants are required to trace the money flows. They must have that expertise available to it or they will fail. | "Seasoned investigators and forensic accountants are required to trace the money flows. They must have that expertise available to it or they will fail. |
| "They must have access to accounts with club and agent and must make books available to the audit." | "They must have access to accounts with club and agent and must make books available to the audit." |