Everton owner Farhad Moshiri has refuted claims that he borrowed funds from Arsenal director Alisher Usmanov to complete the purchase of the Toffees in February 2016.
The BBC Panorama programme, Paradise Papers, had made the allegations that Moshiri was gifted funds by Usmanov which were used to purchase the Toffees, but both the billionaires have denied such claims, while the Premier League have released a statement clarifying their ownership rules.
The statement read: "We would not disclose confidential information about clubs or individuals but can explain our general rules and policies in this area.
"The Premier League has wide-ranging rules in the areas of club ownership and finance. These include prospective new owners having to meet the Premier League Board and provide extensive detail on the sources and sufficiency of funding they have in place.
"They must also submit information on the financial structure of any proposed investment, and a business plan demonstrating that all liabilities can be met for at least 12 months ahead. The League prohibits any club owner or director from having an interest in another club, or the ability to influence another club's policies.
"Should a prospective club owner have previously held shares in a different club, they must provide evidence that they have been divested. Only when these and many other rules have been applied, and due diligence completed, will the Premier League Board allow an investment to proceed."
Source: tribalfootball.com