Birmingham City has been deducted nine points due to a breach of the League's Profitability and Sustainability Rules - taking them from 13th to 18th in the Championship.
The EFL said this comes after a review of the financial submission from the Club for 2015/16 to 2017/18 where it showed the Blues had recorded losses in excess of the £39.0m upper loss threshold.
The Club was charged with a breach of those Rules on 14 August 2018.
Birmingham City pleaded guilty to the charge at a hearing on 18 March 2019.
The panel considered the matter and ruled a nine-point deduction which will take effect in the current season.
Both the Club and the EFL have 14 days to appeal the decision.