The ripple effects of the attempted formation of the European Super League are still being felt by clubs throughout Europe including the six Premier League clubs involved.
The inevitable punishments that would fall upon the six Premier League teams has come in the form of a substantial fine.
"The six clubs involved in proposals to form a European Super League have today acknowledged once again that their actions were a mistake, and have reconfirmed their commitment to the Premier League and the future of the English game.
They have wholeheartedly apologised to their fans, fellow clubs, the Premier League and The FA.
As a gesture of goodwill, the clubs have collectively agreed to make a contribution of £22million, which will go towards the good of the game, including new investment in support for fans, grassroots football and community programmes.
Furthermore, the clubs have agreed to support rule changes so that any similar actions in the future would lead to a 30-point deduction.
Each of the six clubs, in that event, would also be subject to an additional £25m fine.
The Premier League and The FA have worked closely together throughout this process and this agreement brings both investigations into the matter to a conclusion."
Liverpool as well as the five other English clubs involved will know that they have got off lightly and will not be so quick to take such a gamble in the future. The Reds will pay up to £7M pounds in fines but, owners Fenway Sports Group have ensured fans that these fines will be paid from their own pockets.
The tension between Liverpool fans and owners still remains and fans will be hoping that the clubs' owners will make a substantial contribution in this summers transfer window to bolster the Reds squad as they prepare to try and regain the Premier League title.