IIRC, there was talk in the media of City pulling out, but then Chelsea did it first, the bastards. The story was that one club said "this wasn't what we signed up to" and I always thought that was a City quote. The others, presumably, must have known what they were signing up to. Gives me a sense of moral high ground anyway. So it's a moral first out for me. :)
Still doesn't excuse the mistake of signing up to something when you don't fully understand it, though, so if I am right it wasn't the management's greatest hour tbh.