Andy D wrote:did Luton Town not get dropped into L2 with a 30 point deduction for far far less from the Championship?
Luton Town weren't directly relegated from the Championship to League Two, although they did suffer succesive relegations to the conference:
2006/07 Championship (relegated)
2007/08 League One (relegated, 10 points deducted)
2008/09 League Two (relegated, 2
30 points deducted)
In terms of precedence, I can only really think of Boston United in my lifetime who have been demoted multiple divisions in the English league structure due to breaching financial regulations (even then I think the punishment was premeditated by the conference). We're still waiting to see what ultimately happens with Bury, but usually when clubs go bust they reform much lower down the pyramid, but that's different to this scenario being proposed with Man City - which won't happen IMO.
I don't really follow Man City or care them, but I care less for the establishment of 'big' clubs who IMO don't like the fact that Man City now have more financial clout than they do.