This is what Stefan and others have emphasised recently - that three man commission had better have very, very solid evidence indeed to find that the range of people and organisations involved have been complicit in fraud on such a scale and over such a time period. This has certainly sparked off a hysterical campaign in our "objective" media and, as is said frequently, we are already branded cheats and frauds and the severest sanctions are called for. To that extent City's reputation is damaged seriously and, if not permanently, at least in the long term.
On the other hand , the article in the Irish Examiner, published in February 2023, to which Stefan provided quotes, emphasises just how totally secret the PL process is - to the extent that we shall hear absolutely nothing until we get a bald statement of the "judgement". We can only guess at the charges, we know nothing of the evidence against us and although a date for the hearing has been fixed we cannot be told when it is or when the verdict may be announced. From the start there was cynicism, that the PL has no evidence and that the PL investigation was bumped by Levy & Co to inflict a maximum of damage to City's reputation and to scupper any attempt to introduce independent regulation of PL football.
What if Bluemooners have hit the nail firmly on the head? If the government ploughs on with its plans for independent regulation? This doesn't change the plan. When it is obvious that such regulation is definitely on the way (because the PL is bound to no date for a judgement) the redtops simply allow the charges to be dropped ( as they would have been anyway sometime). The PL say simply that the charges cannot be proven and the media go wild suggesting interference by the UK government, the Abu Dhabi government and all sorts of other conspirators
to save their influential cheating friends. Case "lost" but City's reputation destroyed. I don't think our owners will be deterred in any way at all but life may be a little more difficult and certain other clubs would certainly appear much more saintly.