Scottish football agent Willie McKay has accepted a large but undisclosed amount of libel damages over a claim that he was involved in transfer fraud, it has been reported.
The Daily Express claimed in 2006 that the £8.5 million transfer of Jean-Alain Boumsong from Rangers Football Club to Newcastle United was one of the deals being examined by the Quest inquiry, led by Lord Stevens.
Quest recently said there was no clear evidence of irregular payments in the transfers which involved the agent Willie McKay and he was thanked for his cooperation with Lord Stevens' inquiry.
According to the Guardian, Express Newspapers has accepted that the allegations were untrue and have agreed to pay him costs and "substantial" damages.
Mr McKay's clients include James McFadden, Joey Barton, Scott Brown, Tyrone Mears and Pascal Chimbonda.