This is not about FFP rules; though that is a small part of it. It’s different on a whole load of levels to UEFA case … this is claiming that the club failed to provide (or provided false) information around funding. It’s money doping. Some of the evidence behind the allegations has already been aired, re Mancini, etc. Another charge is that they didn’t Co-operate, since 2018, with the body charging them!! This is the prem league itself, including United, Pool, etc. They want blood. Every year the clubs sign up to this: sports arbitration has been signed away already. No statute of limitations applies.
Last point. If City were smart, or well-advised, they’d come out now with hands up and promise reform. But the problem with oligarchs, as we see in other situations, is they surround themselves with people who promise to get things done, to make problems go away. This might lead to them keeping obstruction going, keeping fighting, digging the hole deeper.
This won’t happen this season, but it will happen next year. In the meantime, the asterisk over MCFC just grew spikes.