The six English clubs who were founder members of the short-lived Super League have reached a financial settlement with the Premier League.

Here, the PA news agency looks at how we reached this stage.

What has happened?

The Premier League’s so-called ‘big six’ – Arsenal, Chelsea, Liverpool, Manchester City, Manchester United and Tottenham – will jointly make a goodwill gesture payment of just over £22million to grassroots and community causes over their involvement in the European Super League, which was launched on April 18 but quickly collapsed. The English clubs withdrew amid fan protests and opposition from the Premier League, FIFA, UEFA and even the British Government.

The clubs weren’t threatening to break away from the Premier League though, were they?

Correct, but their involvement in the Super League would have had a profound impact on the league commercially, rendering the fight for European places a non-event and hammering the value of its broadcast deals which were already facing downward pressure.

Why have the clubs only been fined then and not docked points?

The authorities have been keen not to pursue sanctions which would hurt the fans, whom they credit with playing a significant part in the Super League’s demise. However, fans of clubs like Wigan and Sheffield Wednesday might argue that the authorities have never been shy of issuing sporting sanctions like points deductions when their clubs were punished for matters well beyond the average supporter’s control.

Who will foot the bill?

It is understood Fenway Sports Group and the Glazer family will cover the costs owed by Liverpool and Manchester United respectively, just as they did when reaching a settlement with UEFA last month.

What happens if there is any repeat?

The six clubs have been told they would face a £25million fine if any of them were involved in a future breakaway attempt, and a 30-point deduction. The points deduction would apply to any other club beyond the ‘big six’ who attempted a similar breakaway, but the fines would not. The penalties are set to pass into the Premier League statutes at its annual general meeting on Thursday.

Is that the end of the Super League saga then?

In a word, no. Though it brings an end to the Football Association’s inquiry, the FA is still working with the British Government to strengthen UK competition laws in the event of any future challenges that may arise, with senior sources at the national governing body having rated their chances of defending an anti-competition claim at no better than 50-50 under the law as it stands. The Premier League is still working on an Owners’ Charter too, with the intention of preventing a repeat and codifying the responsibilities of owners as custodians of their clubs.

At continental level, three of the Super League founders – Real Madrid, Barcelona and Juventus – refuse to renounce the plans and maintain they were trying to safeguard the future of football. UEFA has opened disciplinary proceedings against those three, while the three clubs in turn claim UEFA was in violation of European Union competition law in attempting to block the league and in threatening to sanction them.