Thinking about it, sanctions are going to have a much greater impact on the integrity of a relatively enclosed league system than a pan-European cup competition.
The ultimate sanction within UEFA is exclusion from entering the competition. Assuming that the established clubs will be left alone (a pretty safe assumption) then the impact on the wider competition would be relatively limited, I reckon. The Champions League is a 32 team competition and the odd missing team from here or there, wouldn't necessarily enormously undermine its integrity.
A league system is different, however. You only have to look to Italy to see the effect that points being routinely docked has had on the reputation of their league. The same could be said of the Football League at various points in recent history. But it goes further than that. Whether a team has been found guilty of corruption or gone into administration or not is very much a matter of fact. A straight yes and no.
If this is implemented, the Premier League could be reduced to farce as clubs argue about technical accounting points for months, and maybe years on end. Matters such as the outcome of relegation and promotion could then be subject to judicial determination, some considerable time after when the League would require to operate within its usual timetable. The Sheffield United/West Ham/Tevez case gives a flavour, albeit on an much smaller scale, of the way this could play out.
Talk about bringing the game into disrepute.
