Following an Independent Regulatory Commission hearing, Yannick Sagbo has been fined £15,000, subject to any appeal, after he admitted an aggravated breach of FA Rule E3.
The Hull City player was also warned as to his future conduct and ordered to complete a compulsory education course.
Mr Sagbo was charged by The FA with improper conduct concerning social media postings relating to the quenelle gesture.
The charge was that the comment was abusive and/or indecent and/or insulting and/or improper, contrary to Rule E3(1). Further to that, The FA considered the comment to be an aggravated breach, as defined in FA Rule E3, in that it included a reference to ethnic origin and/or race and/or religion or belief.
The Independent Regulatory Commission will provide written reasons for its decision in due course.
Both The FA and Mr Sagbo have the right to appeal the decision.