Yes, I think you are paranoid.
If the PL knew which way the case was going/had gone, and it was against City, the PL wouldn't be passing whispers around to end up with the used car salesman on Talksport.
The usual suspects in the media would be well aware and what is going to happen to City would be being shouted about with a glee we've not seen before.
I'm not saying no news is good news, but the fact there isn't anything out there other than the usual bile and hopefulness would suggest that Simon Jordan is, as usual, talking out of his anus.