Sheffield United will be deducted two points at the beginning of the next season that they are in the English Football League's jurisdiction over defaulting on payments to other clubs, the EFL said on Thursday.
The charges relate to the 2022-2023 season, when United were promoted from the Championship (second-tier), and the club were also given a further two points suspended, which will be activated if they default on a payment to another club.
The Premier League's bottom club United said they will not appeal the sanction.
"The club took the view that it was better to reach an agreement which minimised the risks of a higher deduction or further transfer embargoes being imposed, and being distracted by lengthy and costly legal proceedings," a United statement said.
"The club is now in a position to close this matter and concentrate on the future."
The Blades are bottom of the Premier League on 16 points from 31 games, nine points behind Nottingham Forest, who are 17th and in the safety zone having played a game more.