I'm not sure if it's already been mentioned, but the BBC released a good podcast today on the Sports Desk. I'd advise everyone to give it a listen, they do quite a good job of summing everything up in just under an hour.
They invite a City fan on for his opinions and he does okay...although he's understandably defensive. One thing he does mention is how 'fantastic' (he uses that word a lot to describe them) their owners have been for the local community, building houses and a college and whatnot. I've been hearing that a lot recently, especially as a comparison with the Glazers (completely ignoring that we agree that the Glazers should never have been allowed to buy the club) and it's such self-serving bollocks. Anyone can invest in a community out of the goodness of their heart, that doesn't mean you have to cheat so the football team you own in that area is the best. You don't have to be much of a cynic to argue that one is just trying to build goodwill to help with the eventual fallout from the other...
One good point that was made towards the end of the podcast (I can't remember by whom) was about FFP just being a way to protect the richest clubs. The reporter agreed that there is an element of that, those clubs are always going to have an advantage due to their popularity after all, but he also argued that FFP has revolutionised football finances. It's main aim is to stop overspending that sees clubs like Bury completely destroyed, and it still does it's best to restrain the spending of the traditional powers. Look how Chelsea and others are constantly looking for loopholes.
He also said that thinking billionaire owners being allowed to buy the odd club here and there is a terrible way to introduce fairness. The best way to do this would be to find a way to more fairly redistribute the wealth that football generates, which is actually made harder by these greedy owners, especially the Glazers and their ilk. The thing is, this would only ever truly work if it was agreed across all of the world's league's, in some form. Germany obviously already has something like this, but good luck getting Madrid and Barca to share the wealth a bit more. They're still pushing the Super League idea so they can take even more of it away from the rest of Spanish football.