The six Premier League clubs involved in the European Super League (ESL) are set to be fined over £20m between them.
Manchester United, Liverpool, Chelsea Manchester City, Tottenham and Arsenal wanted to form a breakaway league, a plan that was widely criticised across football and by the UK government.
Further cash penalties and points deductions will be applied should they attempt a similar project again.
It is understood the fines will help fund grassroots and community projects.
BBC Sport understands Manchester United’s owners the Glazer family will pay the fine rather than the club.
Nine of the ESL clubs – the six Premier League sides, plus AC Milan, Inter Milan and Atletico Madrid – were fined a similar amount by European governing body UEFA last month.
They agreed to pay 15m euros (£13.4m) between them and have 5% of their UEFA competition revenues held for one season, starting in 2023-24.
The other three clubs involved – Real Madrid, Barcelona and Juventus – are set to face “appropriate action” under UEFA’s disciplinary process having so far refused to renounce the breakaway league.
What happened with the European Super League?
English football’s ‘big six’ were part of a group that announced plans to form the breakaway league on 18 April.
It was quickly condemned by fans, football authorities and government ministers in the UK, and across Europe by UEFA and league associations. Leading players at some of the six clubs also signalled their disapproval.
Fan protests took place before Liverpool’s game against Leeds at Elland Road on 19 April and Chelsea’s meeting with Brighton at Stamford Bridge the following day.
By that stage there was already speculation Manchester City and Chelsea were considering pulling out of the league, and by the end of the night all six Premier League clubs had announced their intention to withdraw.
La Liga club Atletico Madrid and Italian sides AC Milan and Inter Milan pulled out the following day, prompting Juventus chairman Andrea Agnelli to admit the project could no longer proceed.