Leicester has agreed to pay a fine of 3.1 million pounds to the English Football League for violating the rules of financial fair play, British media reported.

The English club, which sensationally triumphed with the title in England two years ago, broke the rules in the 2013/14 season when it finished first in the Championship. The “foxes” then recorded a loss of £ 20.8 million, exceeding significantly the £ 8 million allowable loss.

Leicester initially refused to pay the fine but subsequently admitted his guilt and agreed to pay 3.1 million pounds.