Football takeover bids could be regulated to prevent clubs from becoming lumbered with mountains of debt, if a group of Members of Parliament get their way. If implemented, the recommendations would prevent similar takeovers to the Glazer family at Manchester United, and Tom Hicks and George Gillett at Liverpool.

The MPs, who have no power to enforce any changes, also want loans to clubs by owners such as Chelsea's Roman Abramovich to be treated as debt.

The main proposals, reports SkySports are:

-Strengthening the 'Fit & Proper Persons Test' including that prospective new owners cannot leverage debts on the club for their takeover;

-Loans by owners or directors to their clubs also be considered debt leveraging;

-Testing the financial fitness of new owners' business plans;

-Strengthening the Football Regulatory Authority and make the body responsible for the adjudication of reformed 'Fit and Proper Persons Test';

-Introduction of a licensing system along Uefa lines for all clubs from the Conference upwards including clubs' expenditure being limited by revenue;

- Appointment of more independent members on the Football Association board, the Premier League board and the Football Regulatory Authority;

- Fans' representatives elected to the boards of all 92 Football League and Premier League clubs;

- Introduction of Fifa's 6+5 rule into English football to help nurture domestic talent.