Leicester have been fined £309,841.06 but avoided any points deduction after a Premiership Rugby investigation found they had failed to comply with salary cap regulations.
It was discovered that the league leaders had entered into an arrangements whereby a third-party company made payments to the image rights companies of Leicester players.
The payments that were made over the four seasons from 2016-17 to 2019-20 and should have been declared as part of part of their salary cap, but they were not disclosed.
"The club has accepted the findings, which means there will be no further disciplinary process or appeal. The level of fine imposed in these circumstances, known as an Overrun Tax, is calculated by a formula set out in the regulations."
Leicester said they were pleased to be able to focus on the future.
"We accept the decision and the acknowledgement that there was no Overrun in the most recent season of the review," Leicester chief executive Andrea Pinchen said.
