This is going to drag on and on and on.
My guess is that eventually City agree to a fine plus some sort of transfer limitation.
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IMO though, the entire FFP system is bullshit.
If the goal is to keep clubs from spending into insolvency... well, that's not happening at City right now, so that's a misfire.
FFP in the P/L for me, is stupid. Screw the current FFP regulations. What's needed is some sort of regulations designed to keep clubs from overspending into debt, in the event that their wealthy owners decide to sell the club and/or stop spending.
Current, FFP regulations are ridiculous - seeing Everton in trouble now, as opposed to when irregular spending actually occurred is stupid.
That several sides might stay up at season's end - only for FFP regulations to step in and change who is regulated post season - is stupid.
The entire FFP system is nonsensical.