Leeds United will start life in League One with a 15-point deduction after an appeal against Football League sanctions was rejected.
A meeting in London of the 72 Football League chairmen endorsed the initial decision taken by the league's board, with Leeds United having agreed not to take further legal action over the issue.
Football League chairman Lord Mawhinney told Sky Sports News: "Leeds United presented their appeal and why they thought the board was wrong.
"We then had a vote which overwhelmingly endorsed the decision that there should be a sanction.
"In a second vote the League overwhelmingly endorsed the sanction. Overwhelmingly means the vote was over 75 per cent in support of the board.
"Leeds are starting the new season in League One as a valued member of the League's football family, but with a penalty of 15 points."