The Football Association is investigating allegations England manager Sam Allardyce used his role to negotiate a £400,000 deal and offer advice on how to "get around" rules on player transfers.
The Telegraph claims to have footage from August of Allardyce meeting men claiming to represent a Far East firm where he appears to say third-party ownership rules can be avoided.
The 61-year-old has yet to respond to the allegations, while the FA has asked to see the paper's filmed recordings.
Third-party ownership of players was banned by the FA in 2008.
During the meeting with the businessmen, who were undercover reporters, it is alleged Allardyce said it was "not a problem" to bypass the rules and he knew of agents who were "doing it all the time".
It is alleged by the paper that a deal was struck with the England boss worth £400,000, which could represent a conflict of interest if he is paid by a company whose footballer clients could benefit from preferential treatment by an international manager.
Third-party ownership, in which investment companies take a stake in the economic rights of players, was described as a form of "slavery" by Michel Platini, the former president of European football's governing body Uefa president.
Sam Allardyce: England manager allegations investigated by FA - BBC Sport
The Telegraph claims to have footage from August of Allardyce meeting men claiming to represent a Far East firm where he appears to say third-party ownership rules can be avoided.
The 61-year-old has yet to respond to the allegations, while the FA has asked to see the paper's filmed recordings.
Third-party ownership of players was banned by the FA in 2008.
During the meeting with the businessmen, who were undercover reporters, it is alleged Allardyce said it was "not a problem" to bypass the rules and he knew of agents who were "doing it all the time".
It is alleged by the paper that a deal was struck with the England boss worth £400,000, which could represent a conflict of interest if he is paid by a company whose footballer clients could benefit from preferential treatment by an international manager.
Third-party ownership, in which investment companies take a stake in the economic rights of players, was described as a form of "slavery" by Michel Platini, the former president of European football's governing body Uefa president.
Sam Allardyce: England manager allegations investigated by FA - BBC Sport