Liverpool have been fined £3.5 million for their role in the Super League plot.
The Premier League finally imposed sanctions against its six top-flight clubs which conspired to form a short-lived European breakaway in late April.
Manchester United, Arsenal, Tottenham, Chelsea and Manchester City were also hit with the same financial penalties as the Reds for their involvement.
All six clubs later reneged on their commitment to sign up to the Super League following a wave of protests from their respective fan bases.
But while the combined cost stands at just over £20m, the Premier League has threatened heavier punishments if the controversial move is repeated.
Another attempt to join an unsanctioned competition such as the Super League will see each club fined £25m and hit with a 30-point deduction.
“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,” read a joint statement from the Premier League and FA.
“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 £22 million, 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.”
UEFA treated the English clubs who backtracked on the controversial plans as well as their counterparts in Spain and Italy with relative leniency last month.
However Real Madrid, Barcelona and Juventus now face investigation from European football’s governing body for persisting with the failed concept.
Liverpool owner John Henry issued an apology for his personal role in the botched scheme, which was curtailed within 48 hours of its public launch.
The club responded to the fallout by creating a supporters’ board which will be be invited into board meetings when ‘fan-facing strategic matters arise.’