Watford have been fined £4.3 million by the English Football League relating to a provision of funding letter which had previously been confirmed as forgery.
Watford pleaded guilty to the charge, which was handed out on June 19, having previously launched their own investigation into the matter.
It related to Gino Pozzo's sole takeover of the Hornets of 2014, where he assumed complete control from his father Gianpaolo.
A forged letter was provided to the EFL to show Pozzo had enough funds to complete the transaction.
Watford's chairman at the time, Raffaele Riva, has been charged by the EFL and will face a separate disciplinary hearing.