The Football League has concluded its investigation into a complaint made by Bristol Rovers in May relating to an alleged infringement by Wycombe Wanderers of League regulations prohibiting third-party interests in players.
A Football League spokesman said: “Having fully investigated the matter, it is our view that the financial transaction in question did not amount to third party investment or influence over players. Instead, it was a re-organisation of Wycombe’s corporate structure that saw the Club reduce its debt to its previous owner.
“Nonetheless, League regulations require such agreements to be disclosed and approved by The Football League Board before they are concluded. It is clear that this did not happen, although it is equally clear that the Board would have approved this particular arrangement had it been given the opportunity to consider it.
“Having co-operated fully with the investigation throughout, Wycombe Wanderers have admitted this breach of League regulations. The Club has been issued with a reprimand that will remain on file for two years, as well as a warning as to its future conduct.”