It's not unusual for companies in breech of competition law to be fined, in the UK it's 10% of your income. If that does happen, and furthermore legal costs and even city sueing for loss of income is on the cards, where is all that money coming from?
I think we've all seen Masters is a dead man walking for some time, certainly City did when we made those comments about his understudy being so gracious to attend our premier league winners crowning last season.
The endgame here is not to dispose of all rules, nor to open up a free for all. It's to bring a fairness and transparency of a legally sound framework for each member club to adhere to, even if they'd rather be kept blindfolded, and to remove the diseased self-appointed aristocracy of the English game to prevent them continuing to shape the game to their benefit.
If the premier league is the glass house.....