Premier League clubs could have prove they are up to date with payments to HM Revenue and Customs (HMRC) under new rules to be introduced in the 2010-11 season.

The competition's board will be given the power to request quarterly details showing that each member club hasn't fallen behind with payment of PAYE and National Insurance liabilities. A prospective new club owner will be required to provide future information outlining projected finances and proving the club is sustainable for at least a year after the deal as part of the new regulations.

Meanwhile, the Premier League board will be able to request a meeting with individuals looking to acquire a club, and the owners and directors test will be strengthened. A Premier League spokesperson said: "Following consultation with our Clubs the Premier League has agreed to introduce a number of new rules for season 2010-11, specifically in the areas of club ownership, finance and HMRC reporting.

"The board believes that these new rules will complement existing financial regulation to further encourage sustainability and good governance." Both Blackburn Rovers and Liverpool football clubs have been the subject of takeover speculation in recent days, with the BBC reporting that a preferred bidder for Liverpool is expected to be named next week.