Former Tranmere Rovers manager Ronnie Moore has been handed a one-month suspended ban and fined £2,000 by the Football Association for misconduct in relation to betting offences.
The 61-year-old found out his punishment during a personal hearing at Wembley on Thursday, which he was granted after last month admitting a charge for multiple breaches of the FA's betting rules.
Moore was sacked by Tranmere less than 24 hours after pleading guilty to that charge having initially been suspended by the club in February when the investigation first opened.
His one-month ban will now be suspended for two years.
An FA statement read: "Ronnie Moore has been given a suspended one-month ban from football and fined £2,000 for misconduct in relation to betting.
"The former Tranmere Rovers manager admitted an FA charge last month regarding multiple breaches of Rule E8(b). Following an Independent Regulatory Commission hearing on Thursday, the order was that Moore be suspended from all football activity for a period of one month with this ban suspended for two years.
"The suspension will be invoked in the event of a proven breach of the FA betting rules during that period. In addition, Moore was fined £2,000, which includes any profit made from the bets and he has also been warned as to his future conduct. He has the right to appeal."
Moore revealed he was "embarrassed" at not knowing the FA's current rules on betting, which stipulates players, managers and club officials are prohibited from betting on competitions in which their teams are involved.
However, the ex-Rotherham boss expressed disappointment that the charge had cost him his job at Prenton Park.
"I'm embarrassed because as the manager of Tranmere Rovers I should have known so I hold my hands up, it was my fault," he told Sky Sports News outside Wembley.
"I should have known and I didn't know. But is that worth losing your job over? It's cost me my job, it's cost me £130,000 and then I get fined here as well.
"There's no excuse and I'm not trying to make an excuse for it. If you're a manager of a football club you should know what's going on. But it was an honest mistake. Has nobody out there ever made a mistake? I've made a mistake that has proved so crucial to my family.
"The last three months have been hell. I've been abused and accused of this, that and the other. It's wrong. It was a genuinely honest mistake made by myself and I am embarrassed about it."
On Wednesday the FA confirmed that a worldwide ban on betting on football will come into force from August for certain participants in English football, understood to apply to any player in the top eight tiers of the English league system.