The Football Association has issued over 50 charges alleging breach of regulations regarding payments to player agents at Luton Town.
The FA claim the charges are the result of an eight-month investigation into the circumstances surrounding a number of transfers and contract negotiations at Kenilworth Road.
Former chairman Bill Tomlins and finance director Derek Peter, plus current board members John Mitchell and Richard Bagehot have been given until November 30 to respond to the respective charges.
Meanwhile, several player agents have also been charged with failing to disclose payments made to them in connection with deals involving the Hatters.
Former manager Mike Newell called for an investigation into the club's finances prior to his sacking in March.
"It is alleged that in a number of player transfers, loan deals and contract renegotiations between 2004 and 2007, payments were made to the six agents for their services directly from Luton Town's holding company, Jayten Stadium Limited," read an FA statement.
"These payments, totalling around £160,000, were not disclosed to The FA on the required disclosure forms, representing a breach of FA rules.
"It is alleged that this payment mechanism was initiated by Bill Tomlins as chairman of the club, with each individual payment authorised by Derek Peter as finance director.
"It is alleged that John Mitchell and Richard Bagehot subsequently became aware of this system but did not alert The FA.
"The six licensed players' agents have all been charged with knowingly accepting payment from Jayten Stadium Limited specifically for their services to the club in securing the services of players."