Hope they take enough points off them so they get relegated !
If is UEFA who have found them guilty of breaking their FFP regulations, hence the ban from European tournaments. The Premier League have a different set of FFP regulations that are less exacting; their investigation is still ongoing.
Massive fines for City. FFP violations. League has been investigating them for a year.
First I'm glad someone has at last caught up with one of the big boys. Pushing money into City through their sponsors who are also owned by City's owners is no different than if TF had put more money into QPR as "sponsorship" through Air Asia. At least what TF did was more transparent.
As for "massive fines" - hate to disagree as the actual fine is far less than that we were hit with, while the amounts involved in City's actions were far more. On their financial base and backing it is no more than a months wages and probably less than they have made from their Champions league fixtures so far this season including the TV money . It will go practically unnoticed while we will be paying for the next 9 years. Hardly fair financial play. Add another 0 or two to that fine to make it have any impact.
They should also be hit with a 2 year transfer ban to make sure they put a stop (if only temporary) to buying their way to the top.
The real penalty that they face is the 2 year exclusion from European competition which could have far reaching consequences with top players not content to miss out on the Champions League, not content to play in the PL knowing that whatever they do will not get them into Europe and of course the massive financial opportunity loss of losing the Champions League income. Having said that City will appeal and they have the backing (and money however used) which could well see this 2 year ban cut down to one year or even turned into a suspended sentence. Money talks and City's owners have a bottomless pit of that - lucky Sepp is not around still.
Lastly if UEFA have investigated and have enough evidence to impose this level of sanctions it surely must be an open and shut case for them to hand the information to the FA and then the PL and let them hand out hard punishment to City. Although the domestic FFP may have weaker rules than UEFA's they must still be in breach of the domestic rules based on this information. Will that happen? - I doubt it as the PL and FA make too much money from TV etc by having the likes of City in the PL so they will find a way to avoid doing anything - probably using the excuse that City have (so far) been punished by UEFA so there is no need for the English authorities to take action.
This story has a long way to run and if the final outcome is anywhere near what's just been announced I'll eat my hat ......hang on I don't have a hat so I am safe.