To quote the legendary Carmine Lupertazzi Jr, the Premier League are now at the precipice of an enormous crossroads. Man City are guilty of 114 charges (pending appeal), and just giving them flimmyflammy fines that they can pay from their unlimited wealth will not only completely destroy any credibility that they have to run the league, but will also lead to the other 19 clubs (especially those already docked points) launching a mutiny.
So, they simply must dock points at the very least, and again any attempts to minimise this will force other previously punished clubs to launch legal action of their own.
Relegation will risk the TV companies slashing bids and funding because they’re losing one of the ‘big six’ in the world’s most lucrative TV rights package, so I can’t see it happening at all, and so stripping titles may be far more palatable for all concerned (as long as Spurs don’t benefit from the 2016-17 season, because f**k that for a game of toy soldiers).
Therefore, I reckon a ‘non-fatal’ points deduction for this or next season, a massive fine (maybe with a stipulation that a hefty chunk goes into grassroots), and some stripped titles will be the most likely outcome. Money talks, and a transfer ban will just be ‘bad for the game’ anyway if it slows the massive money merry go round at the very top. But what do I know anyway?