Green, who recently quit as Rangers chief executive, following revelations about his links with former Rangers owner Craig Whyte – made a racist comment in an interview with the Scottish Sun about Imran Ahmad, the commercial director at Ibrox and business partner, who quit just after Green.
The Yorkshireman had apologised for making the comment, but has now been found guilty by the Scottish FA or breaching disciplinary rules 66 and 71.
Rule 66: No recognised football body, club, official, Team Official or other member of Team Staff, player, referee, or other person under the jurisdiction of the Scottish FA shall bring the game into disrepute.
Rule 71: A recognised football body, club, official, Team Official, other member of Team Staff, player or other person under the jurisdiction of the Scottish FA shall, at all times, act in the best interests of Association Football. Furthermore such person or body shall not act in any manner which is improper or use any one, or a combination of, violent conduct, serious foul play, threatening, abusive or indecent or insulting words or behaviour.
Despite the fine, anti-racism charity Show Racism the Red Card, were disappointed with the level of punishment handed out to Green.
In a statement on their official website, they said: “Show Racism the Red Card is disappointed by the sanctions imposed on Charles Green by an independent judicial panel. While Charles Green was Chief Executive Officer of a Scottish football club he used an offensive and racist term in the national press.
“Mr Green subsequently criticised our organisation for stating that his language was highly offensive and completely unacceptable for someone in his high profile position.
“We had welcomed the SFA’s decision to take action but hoped the independent judicial panel would have imposed sanctions more commensurate to the damage Mr Green has done to the campaign to eradicate racism from Scottish football.”
Green, failed to appear at the SFA tribunal, has been given 30 days to pay the fine.
Meanwhile, the Scottish FA have taken former Rangers owner Craig Whyte to court over unpaid fines of £200,000. The fines were imposed on Whyte, when he was found guilty of bringing the game into disrepute during his tenure at the club.
Whyte, did not appear in court, but was represented when the case was heard at Glasgow Sheriff Court. The case was continued.