The figure of the fine was announced in a joint statement by the Premier League and the Football Association on Wednesday afternoon.
Although Arsenal, Chelsea, Liverpool, Manchester City, Manchester United and Tottenham have also agreed to an additional £25m fine and a potential 30-point deduction for any similar transgression in the future.
“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,” the statement read.
“They have wholeheartedly apologized 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 £22m, which will go towards the good of the game, including new investment in support for fans, grassroots football and community programme.
“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.”
Meanwhile, the Premier League-imposed fines that are comparable to those imposed by UEFA, which announced a package of “reintegration measures” for the nine clubs who agreed to pull out of the ESL during a torrid 48-hour period at the end of April.
Which also includes AC Milan, Inter Milan and Atletico Madrid, the ‘Big Six’ agreed to pay a collective €15m (£12.9m) to be invested in children’s, youth and grassroots football, with five per cent of their revenues from UEFA club competitions being withheld for one season.