The Football Association and Premier League have expressed differing views over the debate of the game's growing debt and foreign ownership.
Speaking at the Leaders in Football conference at Stamford Bridge, FA chairman Lord Triesman revealed English clubs currently owe an estimated £3billion.
Triesman said this posed a 'terrible danger' in the current global climate, while he addressed the issue raised by Fifa president Sepp Blatter that it is 'easy' to buy a football club.
"Transparency lies in an unmarked grave," Triesman said. "We now have a position where it is very hard to track things.
"It is not transparent enough and we don't know if we are able to track it, if the debt is held by people who are financially secure or not. More and more clubs are in trouble, with a number of owners leaving abruptly.
"It is certainly true that fans are apprehensive if their club is touted around in the market place. You can't have a complete disregard for people's passion for their club."
Without mentioning any club by name, Triesman said the Premier League's fit and proper persons test needed an urgent review.
"If there is a prima facie case of someone's human rights record being regarded internationally as being very serious, it's reasonable to question whether that person should be running a football club," he continued.
"Nobody has real confidence in what they cannot see. The fit and proper persons test does not do the job sufficiently robustly.
"A review is now inevitable because football clubs are not mere commodities. They are the abiding passion of their supporters. We forget that at our peril."
Speaking later at the same conference, Premier League chief executive Richard Scudamore said: "The FA themselves know about all these things because they are one of the most indebted organisations in the world.
"Our clubs are all heavily regulated but they've also got directors and owners who will assess the level of risk of their overall debt.
"This is at the top of clubs' agendas and I think they are managing it responsibly."
On the Premier League's approach to individual ownership of clubs he added: "We are a good example of a self-regulatory progressive organisation.
"The fit and proper person test may perhaps not have the correct name but it is not inadequate.
"There are people who are not owners of our clubs precisely because of the test."

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League One Round Up - 21st November
Tottenham v Wigan - 2nd Half
Championship Round Up - 21st November
League Two Round Up - 21st November
Tottenham v Wigan - 1st Half
Stoke 1-0 Portsmouth - Fuller and Sorensen
Tottenham 9-1 Wigan - Defoe
| Time | Fixture |
|---|---|
| Wednesday 25th November | |
| Barclays Premier League | |
| 19:45 | Hull vs Everton |
| 20:00 | Fulham vs Blackburn |
| Saturday 28th November | |
| Barclays Premier League | |
| 15:00 | Blackburn vs Stoke |
| 15:00 | Fulham vs Bolton |
| 15:00 | Man City vs Hull |
| 15:00 | Portsmouth vs Man Utd |
| 15:00 | West Ham vs Burnley |
| 15:00 | Wigan vs Sunderland |
| 17:30 | Aston Villa vs Tottenham |
| Sunday 29th November | |
| Barclays Premier League | |
| 12:00 | Wolverhampton vs Birmingham |
| 13:30 | Everton vs Liverpool |
| 16:00 | Arsenal vs Chelsea |
| Saturday 5th December | |
| Barclays Premier League | |
| 12:45 | Portsmouth vs Burnley |
| 15:00 | Arsenal vs Stoke |
| 15:00 | Aston Villa vs Hull |
| 15:00 | Blackburn vs Liverpool |
| 15:00 | West Ham vs Man Utd |
| 15:00 | Wigan vs Birmingham |
| 15:00 | Wolverhampton vs Bolton |
| 17:30 | Man City vs Chelsea |
| Time | Result |
|---|---|
| Sunday 22nd November | |
| Barclays Premier League | |
| Bolton 0 - 2 Blackburn | |
| Tottenham 9 - 1 Wigan | |
| Stoke 1 - 0 Portsmouth | |
| Saturday 21st November | |
| Barclays Premier League | |
| Liverpool 2 - 2 Man City | |
| Hull 3 - 3 West Ham | |
| Sunderland 1 - 0 Arsenal | |
| Chelsea 4 - 0 Wolverhampton | |
| Man Utd 3 - 0 Everton | |
| Birmingham 1 - 0 Fulham | |
| Burnley 1 - 1 Aston Villa | |
| Monday 9th November | |
| Barclays Premier League | |
| Liverpool 2 - 2 Birmingham | |
| Sunday 8th November | |
| Barclays Premier League | |
| Hull 2 - 1 Stoke | |
| Wigan 1 - 1 Fulham | |
| Chelsea 1 - 0 Man Utd | |
| West Ham 1 - 2 Everton | |
| Saturday 7th November | |
| Barclays Premier League | |
| Aston Villa 5 - 1 Bolton | |
| Blackburn 3 - 1 Portsmouth | |
| Tottenham 2 - 0 Sunderland | |
| Wolverhampton 1 - 4 Arsenal | |
| Man City 3 - 3 Burnley | |
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