Pep Guardiola has already threatened to quit Man City amid PL charge

They have also accused City of failing to cop-operate since the investigation started in December 2018. The independent commission can impose a punishment that ranges from a fine, a points deduction, or a full expulsion from the Premier League.
In 2020, UEFA ruled that City had committed “serious breaches” of Financial Fair Play regulations between 2012 and 2016. However, a two-year ban from European competitions was later lifted by the Court of Arbitration for Sport later that year.
On Friday, Guardiola hit out at clubs who had called for that suspension in a reference to Chelsea’s £550m transfer blitz. The City boss said: “”What Chelsea have done is none of my business. We know what we are working to. What Chelsea, Arsenal, Liverpool, United, without good players you have to spend.
“Now the market is… Wow. What they do is not my business. There are regulations, I don’t forget, eight or nine teams send a letter [for City] to be banned [from the Champions League]. We are the fifth team in net spend.”