UPDATE: Glory denies salary cap breach

UPDATE: Perth Glory denies it has breached the salary cap and is considering its legal options, after it was banned from this year's A-League finals series over allegations  it overpaid its players for the past three years.

Football Federation Australia has imposed a $269,000 fine on the Glory after it said the club deliberately failed to disclose payments and benefits to at least six players, as well as payments outside of a standard player contract; payments to a player's family member; payments of travel costs; provision of motor vehicles; and accommodation benefits.

The FFA said the club was currently about $400,000 over the $2.55 million salary cap.

However, the Glory this afternoon said its total player payments were forecast to be less than this year's salary cap and it had cooperated with the FFA since being issued a show cause notice in February.

It said through this process it indicated to the FFA that it had not exceeded the salary cap in any previous season.

"Perth Glory fans should be in no doubt that the club will be responding to the FFA determination and that our players will be playing for important points tonight and in the coming weeks," Perth Glory chief executive Jason Brewer said in a statement.

The Glory has seven days to lodge an appeal, while if it doesn't it will be dropped to seventh at the conclusion of the A-League regulation rounds.

The alleged breach brings further unwanted publicity for owner Tony Sage and his business interests.

In January 2013, Mr Sage came under investigation by the Australian Tax Office, the Australian Securities and Investments Commission and the Australian Crime Commission, with the Australian Federal Police raiding his WA offices.

He was never formally interviewed during the mysterious investigation and he was never charged.

Mr Sage is also executive chairman of Cape Lambert Resources.