Blackpool have been fined £25,000 by the Premier League for fielding an under-strength side against Aston Villa earlier this season.
Manager Ian Holloway controversially made 10 changes for the game at Villa Park on November 10, arguing he needed to utilise his squad during a three-game week.
Holloway was almost vindicated as his team were beaten 3-2 by an 89th-minute goal and he later threatened to resign if punished over the matter.
It remains to be seen whether he sticks to his word, but he did later temper those remarks by saying he would only step down if chairman Karl Oyston agreed it was in the club's best interest.
A statement from the club read: “Blackpool Football Club can confirm the Premier League board has found the club guilty of breaches of Rules B.13 and E.20 in relation to the team fielded by the club in its fixture against Aston Villa on November 10, 2010.
“As a result of this breach of rules Blackpool FC have been fined £25,000.
“In reaching a decision the board took into account the team fielded by Blackpool in its match against West Ham United on November 13, 2010 and in subsequent league matches.”
Meanwhile, Oyston has dismissed revelations that Holloway would profit financially if captain Charlie Adam was sold as ‘insignificant.’
Holloway has admitted he will receive a percentage of any fee received for the Scotland playmaker, but denied that is why he and the club are holding out for a higher price for the 25-year-old.
Adam, who has handed in a transfer request, has been the subject of bids from Liverpool, Aston Villa and Birmingham this month.
Liverpool are reported to have offered the most at £4million, but all have been rejected by Holloway as derisory for a player with 18 months remaining on his contract.
Oyston said: “This is insubstantial and insignificant and shouldn't be focused upon.”