Ownership of and investment in football clubs should be transparent, to ensure good governance in sports, MEP Francis Zammit Dimech told the Pana Committee.
He insisted that the details must be known on the ultimate beneficial owners and the level of investment and donations, especially when these exceeded significant amounts.
Dr Zammit Dimech was speaking during a European Parliament committee meeting with Uefa and Fifa.
The committee is looking into money laundering, tax avoidance and tax evasion and was set up to investigate the Panama Papers scandal that also involved Malta.
The first part of the meeting focused on leaks in football and saw the involvement of the European Investigative Collaborations, which embraces investigative journalists from Europe and has published the findings of financial wrongdoing in the world of soccer and Fifa, Uefa and European