Portsmouth chief executive Peter Storrie was formally charged with tax evasion on Wednesday. Prosecutors accused him of concealing a signing-on fee for Amdy Faye by paying it into the midfielder's bank account.
Storrie will appear at City of Westminster Magistrates' Court on November 16, a spokesman for HM Revenue and Customs Prosecution Office (RCPO) said.
It was alleged that Faye was paid a £250,000 signing-on fee on which tax and national insurance was not paid.
It claimed the money was paid into the account of agent Willie McKay, who has also been questioned by police.
He issued a statement insisting he will defend himself in the "strongest possible terms" and is confident he will be exonerated.