Bolton Wanderers manager Sam Allardyce has denied all the allegations made against him in the Panorama documentary.
Hidden camera footage broadcast as part of the BBC's undercover investigation showed several football agents claiming that Allardyce was someone willing to accept illegal transfer payments.
The Football Association has already confirmed it will be investigating the accusations, but Allardyce is confident he will clear his name.
"Obviously I'm denying all allegations that have been alleged against me," he said.
"The matter's in the lawyers' hands and will be resolved by due process. I have instructed my lawyers to take the appropriate action."
Meanwhile, Bolton have announced they will hold their own investigation into the allegations made against their manager and his son Craig, a football agent.
A statement issued via Wanderers' official website read: "The club takes the allegations broadcast last night very seriously but owes it to its fans, Sam and all of its players and staff not to overreact.
"It is our duty to act only on facts and hard evidence.
"The club is committed to conducting a thorough and robust investigation into the allegations which were made in the Panorama programme. As part of that process the club will work with Sam to establish the facts.
"Bolton Wanderers has assisted with the Stevens inquiry throughout and remains committed to the highest standards of governance in football.
"The club feels it would be inappropriate to make any further comment until its investigations are complete."