Following the racist abuse directed towards Real Madrid winger Vinicius Jr, the Spanish Football Federation (RFEF) fined Valencia €45,000 euros (£39,000) and ordered a partial closure of their stadium for five games.
However, Valencia’s punishment has been reduced on appeal.
The partial closure of the club’s Mestalla Stadium has been reduced from five to three matches.
And their fine has been cut from 45,000 euros to 27,000 euros (£23,400) after the Spanish Football Federation appeals committee said it had decided to “partially uphold” Valencia’s appeal.
Valencia were given 10 days to appeal against their fine and partial stadium closure, which they argued was “disproportionate, unjust and unprecedented”.
Spanish police have detained three people in connection with the abuse and Real Madrid, who said it constituted a “hate crime”, have reported it to the Spanish prosecutor’s office.
“Valencia have collaborated from the first minute with the police and all relevant authorities to clarify the events that occurred,” a statement from the club read following the initial punishment.
“In addition, we have applied the maximum possible sanction with the ban for life from our stadium for racist behaviour of the fans identified by police.”
Valencia head coach Ruben Baraja also said: “I am not going to allow the Valencia CF fans and Mestalla to be smeared with labels that do not represent us.”