An SPL-appointed independent commission has fined oldco Rangers £250,000 for failure to disclose side-letter arrangements to the football authorities in relation to Employee Benefit Trust (EBT) payments.
However, the Ibrox side avoided the most severe sanction of losing titles after the commission found that Rangers did not gain any unfair competitive advantage and that players were not ineligible to play.
The probe centred on the period 2000-2011, during Sir David Murray's stewardship of the Glasgow giants. Green previously claimed he was offered a deal to trade titles for membership of the Scottish Football Association after the club was consigned to liquidation in the summer.
Responding to Thursday's findings, he said in a statement: "It is abundantly clear from the ruling there was no attempt by Rangers Football Club secure any unfair advantage or to cheat, as so many people asserted without giving any regard to the actual evidence.
"It is a matter of fact that people within the SPL wanted me, at first, to surrender titles as part of a deal to enable Rangers to play again as a member of the SFA.
"I rejected and resisted that suggestion and today's decision vindicates the position of the board and the supporters.
"In particular, I would like to thank the Rangers Fans Fighting Fund for their dedication and commitment on this matter."