The Football Association has announced that it has not uncovered any wrongdoing on the part of Arsenal in its relationship with Belgium club Beveren. Below are reproduced statements from Newsnight and the FA.
BBC NEWSNIGHT RESPONSE TO FA INQUIRY INTO ARSENAL'S RELATIONSHIP WITH BEVEREN FOOTBALL CLUB
After its investigation the Football Association has concluded that because Beveren is a Belgian football club there is no evidence that Arsenal has breached any of its own FA or FAPL rules. This is not what Sepp Blatter asked it to investigate. FIFA wrote to the FA on 4 June after the Newsnight programme to say: "By means of this letter we kindly ask you to carry out an appropriate investigation into the relevant relationship between your affiliated club, Arsenal, and Beveren. We also ask you investigate the relationship with Asec Mimosas from the Ivory Coast. We ask you to carry out an investigation to ensure proper clarification of the issue."
The FA appears not to have investigated the allegations in the original Newsnight film which related to dealings between Arsenal, Beveren and the Ivory Coast. 
STATEMENT BY THE FOOTBALL ASSOCATION
Following a report on BBC Newsnight regarding the relationship between Arsenal FC and Belgian club Beveren, The FA was asked by FIFA to conduct an investigation. The FA has since conducted inquiries with the assistance of The FA Premier League. As a result of those inquiries, we can confirm that we have not identified any evidence to suggest that Arsenal have breached any rules of The FA or The FA Premier League in relation to their dealings with Beveren and specifically any breaches of the FA and FAPL rules concerning dual interests or associations between clubs.
In order to protect the integrity of matches and competitions, these rules prohibit clubs in the same competition from being owned, influenced or controlled by the same person or entity. In this case, the relevant competitions are The FA Cup and The FA Premier League. The rules also prevent a Premier League club from owning or controlling another Premier League or Football League club. The FA has provided all the material obtained during its inquiry to FIFA for its consideration.
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