The Club was deemed to have breached the EFL’s Championship Financial Fair Play Rules (“the Rules”) at the time, but proceedings were stayed pending the outcome of a legal challenge by Queens Park Rangers against those Rules. That challenge by Queens Park Rangers is on-going.

In reaching a settlement, the EFL acknowledges that the Club did not make any deliberate attempt to infringe the Rules or to deceive and that the dispute arose out of genuine differences of interpretation of the Rules between the parties. All relevant matters were taken into account when determining the quantum of the settlement.

The agreed settlement of £3,100,000 is in full and final settlement of all and any claims by the EFL against the Club and its officers, in respect of the FFP Regulations for season 2013/14.

No further details with regards to the settlement will be released.