There were no significant issues and due diligence was completed on Sam Allardyce prior to his appointment as England manager, says Football Association chairman Greg Clarke.
The 61-year-old left in September following a newspaper investigation claiming he offered advice on how to “get around” rules on player transfers.
During his time as Bolton manager, Allardyce denied claims of corruption during a BBC Panorama programme broadcast in 2006 which accused him of receiving illegal payments for agents.
An inquiry by Lord Stevens later suggested that he may have had a conflict of interest with his agent son Craig Allardyce – but it found no evidence of irregular payments.
His stint as England manager lasted one match and 67 days.
The former West Ham, Newcastle, Notts County and Blackburn boss was filmed in July 2016 telling undercover reporters it was “not a problem” to bypass rules on third-party player ownership and claimed he knew of agents who were “doing it all the time”.
The Telegraph investigation also claimed that a £400,000 deal was struck for Allardyce to represent the Far East firm the reporters claimed to work for and to be a keynote speaker at events, though Allardyce stressed he would have to “run that by” the FA first.
Allardyce said he “made a significant error of judgement”, adding: “Although it was made clear during the recorded conversations that any proposed arrangements would need the FA’s full approval, I recognise I made some comments which have caused embarrassment.
“As part of the meeting, I was asked to clarify what I said and the context in which the conversations took place. I have co-operated fully in this regard.”
More to follow.