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Cole, his agent Jonathan Barnett, the Chelsea manager José Mourinho and chief executive Peter Kenyon were present at the meeting.
An appeal in August 2005 did not reject the guilty verdict, but his fine was reduced to £75,000.
Chelsea were also fined £300,000 and Mourinho was fined £200,000, reduced on appeal in August 2005 to £75,000.
Barnett's licence was suspended for 18 months and he was also fined £100,000.
His Premier League debut came on against Newcastle United, as part of an experimental side that lost 4–2 away on the final day of the season.
Before he fully broke into the Arsenal side, he spent part of the 1999–2000 season on loan at Crystal Palace, where he played 14 league matches and scored one goal, a long-range half-volley against Blackburn Rovers.
Negotiations continued throughout August and looked to be heading for deadlock, but eventually Cole signed for Chelsea on 31 August for a fee of £5 million, with William Gallas being transferred from Chelsea to Arsenal as part of the same deal.
The deal was closed after the transfer window had officially ended, and was not confirmed until an hour and a half after the deadline had passed.
Cole also made an appearance in Arsenal's first UEFA Champions League final in 2006; the club lost 2–1 to Barcelona.Cole was an England international from 2001 to 2014, playing at the 2002, 20 World Cups, as well as Euro 2004 and Euro 2012. When he retired from international football in 2014, he had won 107 caps, making him England's most capped full back.