The FA is considering Sam Allardyce’s position as England manager and that the 61-year-old would not be surprised if he lost his job.
The Football Association is also investigating allegations whether Allardyce used his role to negotiate a £400,000 deal and offer advice on how to “get around” rules on player transfers.
The Telegraph has footage it says is from August of Allardyce meeting men claiming to represent a Far East firm and appearing to tell them that 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.
It was due to meet on Tuesday when new chairman Greg Clarke and chief executive Martin Glenn must decide whether the issue is one of poor judgement or something more serious.
Allardyce was only named England boss in July, succeeding Roy Hodgson after a disastrous European Championship campaign.
The former Sunderland boss has been in charge for just one game.
“I want all the facts, to hear everything from everyone and make a judgement about what to do,” Clarke told The Times.
“Natural justice requires us to get to the bottom of the issues before we make any decision. It is not appropriate to pre-judge the issue. With things like this you have to take a deep breath.”
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 further alleged by the paper that a deal was struck with the England boss worth £400,000 for him to represent the company to Far East investors and to be a keynote speaker at events.
Allardyce tells the undercover reporters that any arrangement would have to be cleared by the FA.
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.
World football’s governing body Fifa banned the practice in May last year.
