Football League clubs have agreed to new rules governing the number of "home grown" players that must be included in first team squads from next season.

The 72 member clubs will be allowed no more than 25 players over the age of 21 years old in their squads, including at least 10 registered in domestic football for at least three years before their 21st birthday. Meanwhile, members voted against Leyton Orient Football Club's proposals to relegate clubs in administration. However, rules will be amended to ensure they cover clubs that form part of a group company.

Transfer embargoes are also now to be imposed on clubs which fail to lodge financial documents with the Football League, at the same time they are required by Companies House. Football League chair Greg Clarke said: "This has been a positive and constructive meeting at which we've looked at many of the important issues currently facing football and taken steps to address a number of the most pressing governance concerns."