According to an article in The Guardian, the Professional Footballers Association are bringing through legislation that will see any player found guiltyof racist abuse facing the sack.
The PFA are proposing a change to the Professional Football Negotiating and Consultative Committee, which includes the Premier League and the Football League, in every player's contract to tighten up the wording about the possible consequences for any player found guilty of the offence.
More on this http://www.guardian.co.uk/football/2012/may/24/pfa-racist-abuse-sacking-offence?CMP=twt_gu