looks like a two-window transfer ban looming.
They don't need anymore players !!!
The FFP investigation will be more interesting, as they could be banned from CL etc.
To stay on top any team needs improving with new players, so unless they have good youngsters to join in the first team, a transfer ban will have its effect.
It will have an effect, because City are always trying to buy the best players and become better to win all they can.
A 2 window transfer ban is a year basically, City have by far the strongest squad in the PL, their squad none starters would probably get a top 4 place, with players like Mahrez/Stones/Silva etc, they need to replace some key players like Kompany & Fernandino, but they have more than enough now to cover them.
They also have an impressive youth team setup, so far players like Sancho have had to leave as they could not break through into the first team, he's now valued at £100 million! players like Foden, Diaz & Nmecha may get get games, in an odd way it could be good for City.
If they get a significant competition ban, say from Uefa competitions for 5 years, that would impact them, as the top players want to join clubs who will compete in the CL, some top players like Aguero/De Bruyne may want to leave to play in CL, but who else would/could afford their wages and City do not have to sell, they can leave any player they want to rot in their reserves ro prove a point, look at the money Yaya Toure was on and how he was frozen out.
City will fight any bans, they have the means to tangle Uefa etc in court for years, especially with how this evidence has been acquired, with hacking and theft reported, so will be interesting to see how this pans out.