Yeah this is starting to get sad now. City are now the most successful club in English football and the fans of the "traditional" successful teams are performing mental gymnastics to convince themselves this is not right.
Do you know why City are getting away with all this? Because they have not done anything illegal. They aren't corrupt, they didn't steal money from the game. They certainly didn't cheat in the game unfairly. Their "crime" is to throw in tonnes of their own money into the game. If you want to make it illegal for owners and investors to put in money in their businesses, you are crazy. This is the kind of behaviour goverments encourage for the good of the economy.
Next is the mental gymnastics in claiming City is cheating by not complying with FFP. This is blatant misunderstanding of what FFP is meant to do. FFP prevents clubs from overspending beyond their means to keep the league in good financial health. This makes it a moot point to charge City with it as we all know they are good for the cash they spend. They will never go bankrupt.
Why do you want to punish teams for having too much money to spend anyway? Can you really stop rich people from generating income if that is what you want to use to measure financial health? What's the difference between having the owner directly infuse the club with a billion dollars vs the owners giving their subsidiary businesses billions who then in turn use the money to sponsor the club? City's crime here is that they were too lazy to do the latter cleanly and just went for the former as a shortcut and did not get their books right for FFP requirements. Now they just want to buy some time to cook the books to show that money is indeed routed as sponsorships instead of undertable directly. While this is super shady, I don't think any judge is going to punish them for it as they aren't stealing money but instead giving it away.
Those who try to make FFP as if it is a means of ensuring financial equality are just utterly deluded. There are no financial equality laws in English football. Rich teams are allowed to spend more than poor teams. How is fair that big clubs with huge incomes are allowed to spend more than small clubs with lower revenues and crush them? Since this is allowed, how is it unfair that City just have the owners generate income for the club directly instead to compete?
If we want a truly fair league, we need to start integrating salary caps like in US sports. This is the only way for small clubs in smaller cities to have a chance to compete against the big boys. But no, no one here actually wants that. They are just unhappy about no longer being top dogs.