There are a few doom mongers here fearing the worst. My view is if the PL had any irrefutable evidence of wrong doing, this case would have been done by now any any punishment would have been meted out. We would either be in the appeal stage now or suffering the punishment handed down.
The longer it has took the PL to get this hearing underway, I feel their case will have been weakened and they have instead been looking at brokering a deal where we will take a pinch for a minimal punishment (small points deduction with (or on it's own) a considerable fine.
City however would have told the PL that the reputational damage already done to the club far outweighs any deal that they can or were offering and we are beyond the point of accepting anything offered by them to save the PL's face. The only thing the City could offer them is the hope of them not suing the PL, certain clubs and the media for vast amounts of money for damages.