The full list of potential punishment scenarios for Man City

We took a look at different suggested punishments from rule indication, experts and fans.

The league has released a statement, claiming that City have arranged "sham contracts" with sponsors, and were also  "relying on sham agreements to artificially inflate the club's revenues and reduce its costs".

City in response continue to deny the rules that they have been accused of breaking, including with comments from CEO Ferran Soriano that there is a "Premier League conspiracy theory" against the club.

So, what are the potential punishments for the club from here? JOE finds out.

City's potential punishments from rule indication

• Fine

The first punishment that Manchester City could potentially face is a fine, though it's likely to be much more severe.

• Transfer embargo

A transfer embargo is the second potential punishment for Manchester City. The Citizens spent large in the summer, acquiring the likes of Iliman Ndiaye from Everton, Enzo Fernandez from Chelsea and Elliot Anderson from Nottingham Forest. The club sold the likes of Savio to Tottenham Hotspur, and also loaned out Omar Marmoush to the North Londoners.

With City, a transfer embargo would be a significant blow for their incomings strategy, with all 11 starting players in their most recent 5-3 victory over Sunderland signed from other clubs. The only two homegrown players in the matchday squad were Nico O'Reilly and Rico Lewis.

• Points deduction

A points deduction is seen as a likely punishment. Most recently, Everton were handed a 10-point deduction for breaching Premier League financial rules, with it being reduced to six points on appeal.

Nottingham Forest were also handed a four-point deduction for breaching Premier League profit and sustainability rules, though Man City's case is naturally much more severe than this and points deductions would most likely be across a number of seasons. A points deduction could be severe enough to see relegation for City.

The Premier League and EFL have also worked together before to impose point deductions. Leicester City were handed a points deduction in the Championship for breaking Premier League profit and sustainability rules.

• Premier League expulsion

A Premier League expulsion is the punishment which most fans are demanding, though whether it occurs is another matter. The English Football League is a separate entity to the Premier League, meaning that the association does not have to accept City. Expulsion becomes complicated as it requires reordering of league attendants.

Thereby, a points deduction strong enough to relegate City is deemed a more likely outcome. The points deduction could also be strong enough to relegate the club across a number of seasons, meaning it wouldn't just be the Championship where City are doomed to.

What the experts are saying

Experts are offering a variety of different outcomes, all with a strong penalty for City.

Sky Sports' Rob Dorsett argues that if the club are expelled from the Premier League, the independent panel are unable to recommend what level the club rejoin the pyramid at. As the EFL is a separate body, City would have to rejoin the pyramid at League Two, unless there's a vote by the members clubs.

Sky Sports' Kaveh Solhekol believes that the Premier League want the case concluded this season, and that any points deductions can be applied this season. An appeal from City has to have strong legal grounds, and City only have until October 2nd to exercise this right.

Experts at The Telegraph believe that City should have a fresh start in League 2. The good governance of the punishment should reflect the scale of the rule-breaking, with the maximum penalty possible.

Jamie Carragher also thinks that City should be stripped of their titles and the owners should be removed from their positions:

"I do think Manchester City's titles they've won in this time, or trophies, should be taken off their list.

"Whether other clubs should get them is slightly different.

"But what Manchester City have done is, they've not just hurt their own players in terms of no one looks at their trophies and medals now in the same way.

"I've been very lucky to win a few medals. I never look at the medal years later. But my mind goes back to a moment, I get a feeling in my stomach. I remember the referee blowing a final whistle of a big game.

"Those players will never get that feeling and it was robbed by Manchester City. That's what they haven't got. I don't think any player will care if you go and give them a medal, and he puts it in the house, in his trophy room, he'll never look at it.

"It's not about medals, it's about feelings, and that's what Manchester City have robbed."

What the fans are saying

Fans also want harsh punishments for City, with some getting creative in their methods.

For instance, one fan wants to keep City in the Premier League, but with a -35 points deduction in each of the next five seasons.

The method of 'FootieWriter' on X can be viewed below:

"Relegating Man City would actually let them off lightly. My punishment: -35 points for their next FIVE Premier League seasons. And no Champions League qualification during that period, by any route. The punishment is fixed. The consequences aren't. Get 100 points? Congratulations, you've got 65. Enjoy the Europa League. Have a normal City season? You're finishing mid-table. Have a bad one? You're in a relegation fight. Here's the best bit, if they DO get relegated, the clock stops. They don't get to spend a year battering Championship teams, come straight back up and call the punishment served. They return to the Premier League and the -35 is sitting there waiting for them. After a couple of years without title races or Champions League football, maybe players leave. Maybe recruitment gets harder. Maybe maintaining a '90-point team' gets harder too. Five Premier League seasons. No title race. No Champions League. No easy reset. Just £1bn worth of squad fighting for 10th."

Another method is owing other clubs Premier League prize money for positions lost during the breaches of financial rules.

This would give Everton an extra £28.9million, as well as West Ham £28million as they seek compensation.

The full listings can be viewed below, as per Football FanCast: