Manchester City have been warned they could face "60 to 100-point deduction" if found guilty of the financial breaches.
The Premier League champions were charged by the league 115 alleged financial breaches between 2009 and 2018.
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Nottingham Forest and Everton both had points deducted last season for financial breaches, but Football finance expert Kieran Maguire feels it will be worse for City if they are found guilty.
"A points deduction would be the most likely outcome should the club be found guilty," Maguire has told the 'Football on Trial: The Manchester City Charges' podcast on BBC.
"As for the quantum of points deduction, if Everton were initially given a 10 points deduction for going around about £10/12 million over the limits in one particular season, I think, in order to set an example to the rest of football, it's got to act as a deterrent.
"We'll probably be looking at somewhere in the region of 60 to 100-point, which would effectively guarantee relegation out of the Premier League and into the lower tiers of football in the EFL."
"The other thing that would happen is that the board of directors at Manchester City effectively would be proven to be liars and misrepresenting the state of the football club to the authorities; I don't see how they can keep their jobs."