The Crown Prosecution Service should never be involved in something that occurred on the pitch that happened in the heat of the moment. Terry if found guilty will have a criminal record and the repercussions to his career and especially post football career will be massive. It should have been handled in house by the FA.
This is a one off, there is no history of racism from Terry off the pitch that I know of. If there is enough evidence to find him guilty, suspend him for a few games and fine him. That's punishment enough.
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