CLUBS could be banned from making transfers if the Premier League judges them to be in danger of falling into administration, under sweeping financial changes announced yesterday.<br /><br />The new rules, which were agreed by top-flight chairmen this week and are already in effect, require clubs to submit annual audited accounts and future financial plans. <br /><br />If the documents raise doubts over their viability as a going concern, the Premier League has the power to impose a ban on transfers and contract renegotiations.<br /><br />Richard Scudamore, the Premier League’s chief executive, said: “Touch wood, we have never had a club in the Premier League go into administration yet and we don’t want one.”<br /><br />Clubs also voted to introduce a minimum quota of home-grown players from next season. Each club will have to name a squad of 25 players, of whom eight must fall into that category. Under Premier League definitions, a player is home-grown if he has trained for three years under the age of 21 at an English club.<br /><br />The financial regulations are particularly pertinent for Liverpool, whose accounts last year contained a warning from auditors KPMG about their sustainability. But the Merseyside club yesterday eased fears by agreeing the biggest sponsorship in their history, a four-year deal with Standard Chartered Bank thought to be worth around £80m.