Blackpool have been fined £25,000 for fielding a perceived weakened team against Aston Villa last November.
Seasiders boss Ian Holloway made 10 changes to his starting XI for the game at Villa Park, and his side were narrowly beaten 3-2 thanks to a last-gasp goal from Villa’s James Collins.
Holloway claimed afterwards that he would quit his position if the Bloomfield Road outfit were punished for the changes, saying: “I can’t work for this madness. I would resign. They don’t know what they’re talking about.”
The manager is yet to comment on the decision made by a disciplinary panel, with a statement on the club’s official website merely confirming: “Blackpool Football Club can confirm the Premier League board has found the club guilty of breaches of rules B.13 and E.20 in relation to the team fielded by the club in its fixture against Aston Villa on November 10, 2010.”
The Seasiders now have two weeks to determine whether or not they will appeal against the punishment.
To hear Holloway's memorable rant when quizzed about his selection, click here.