Disagree here. I would say there are no grounds to sue the PL that we know of.There are no grounds to sue the PL.
They will argue they have followed procedure and I've seen/heard nothing that City believe they haven't.
It will also be hard to argue that this has materially damaged City when we're on for 4 league titles in a row, have just won the treble and are posting record revenue and profits.
For me, there are big questions around the appointment of Masters as PL executive. If two specific clubs were allowed to decide on his appointment then is that right? Also, as he was fourth choice, I would want to know why the top 3 turned the role down. Was there anything being asked if them that they didn't agree with?
Regarding material damage it's tricky like you say. But if we had nothing hanging over us and had been praised all over by the media, would that have helped us sign Bellingham or Rice? Nobody knows their true reasoning for turning us down - could doubts over any punishment have influenced them?