Because it's obvious from the extent of the political response that this new league will not happen.
The maximum possible sanctions are required for the clubs who devised this. I think its obvious City are not one of those clubs. But we will be damaged because we accepted the invite to be a founding club. The executives of this club are obliged to act in the clubs best interests hence they should be looking to exit from this.
The rest of football will lump us in with Real Madrid and Manchester Utd. I doubt they have any interest in discriminating between the 12 or 15 founding members.
When this is done, there need to be changes at boardroom level. Liverpool were alleged to have stolen data from Manchester City over an extended period of time, and we ended up being in a position where we could not turn the tables on them when the club was targeted by Liverpool and Man Utd last season. We were facing a cabaal of clubs who have always been acting against us, and now we have joined them? Big mistake. I am not against the ownership of Manchester City but I am getting dissatisfied with the operational executive of Manchester City who don't seem able to properly assess the consequences of their actions.
Man Utd and Real Madrid, Liverpool, Arsenal, Juventus seemed to have hatched this plan. Put as much possible distance between us and them, and make it clear we had our reservations and have now decided in the best interests of the club and football that we do not wish to be involved.
Let us hope that there is some legal way out of this. How can City be sanctioned by a founding Super League that will never exist and is illegitimate?