Manchester United plc has been fined £1.652 million by the Office of Fair Trading over allegations they fixed the price of replica kits.
Manchester United informed the Stock Exchange of the fine this morning but deny any wrongdoing. The football club is considering whether to appeal the fine.
A statement from the club read: "Manchester United is disappointed that the OFT has taken this action.
"Manchester United has co-operated fully with the OFT throughout its investigation and has vigorously and consistently defended its position in relation to the allegations of price fixing.
"Manchester United maintains that it has not participated in price fixing in the market for replica kit".
United were among 10 companies fined. Sportswear retailer JJB Sports was handed the largest fine of £8.373 million.