Do you really think Manchester city would be punished?
I am waiting for developments in this case. I read the latest news about their case awaiting trial in court. So far, the news only ends there, they don't say when the court trial will be held. This case should be revealed openly, including court proceedings. This has to do with the EPL and its credibility. There should be no different process for fellow EPL clubs. Everyone must have the same rights and obligations. The Man City case seems to be going on behind closed doors and not many media are reporting this news. In fact I read the source from January.
Source:
https://www.espn.com/soccer/story/_/id/39379562/why-secrecy-man-city-ffp-case-damaging