Barwick feels clubs are already heavily regulated
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The Football Association has responded to concerns over the number of Premiership clubs owned by foreigners by saying it will not "discriminate".
The recent takeover of West Ham by an Icelandic consortium means six of the 20 top-flight clubs are foreign-owned.
But FA chief executive Brian Barwick said: "This is an emotive issue and the FA has to act according to the law, regardless of opinion.
"We cannot discriminate on nationality or insubstantial concerns."
He addded: "Football clubs are heavily regulated, not just under football rules but also company law and stock market controls."
The other five Premiership clubs under foreign ownership are Chelsea, Manchester United, Aston Villa, Portsmouth and Fulham.
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