FIFA have cleared Arsenal of any breach of ownership rules over their investment in Belgian club Beveren.
The BBC's Newsnight programme revealed at the start of the month that the Belgian police were investigating a #1million payment to the club, which they concluded had come from the north London side.
The Gunners, though, maintained the arrangement was purely on a football level, although confirmed that during 2001 funds were provided 'by way of loan....to assist in stabilising the finances of Beveren.'
FIFA have now looked into the matter and will not be investigating further.
A statement from football's world governing body read: 'After carefully analysing the documents and statements provided by the Football Association in relation to an alleged breach of club ownership rules by English club Arsenal FC and Belgian club VZW KSK Beveren, FIFA confirmed today (June 29) that there is no evidence or indication of any infringement of the relevant regulations.'
It continued: 'The FA had already reached the same conclusion, having been requested by FIFA to investigate the case. Under the FIFA Statutes, it is the responsibility of the member associations to ensure that neither a natural nor a legal person exercises control over more than one club whenever the integrity of any match or competition could be jeopardised.
'In view of these findings, FIFA does not see any reason for further investigation or for any additional measures to be taken in this connection.'
