Football finance expert Kieran Maguire believes a 100-point deduction could be handed down to City in a potential worst-case scenario.
During an appearance on talkSPORT, he said: “If the allegations against Manchester City are proven, that surely has to be a major breach of the rules, effectively that the club misrepresented the money coming into the club.
“The club have also been accused of disguising payments to players and managers through third parties, effectively being paid offshore via Abu Dhabi for services provided by members of staff.
“That is also completely against the rules, one would think, but it could be that it’s within the Premier League rules so we would have to be looking at a very significant points deduction.
“If all 115 charges are proven, then you would imagine the points deduction would be somewhere in the region of 60 to 100 points on the basis they would want the club to suffer enough to be heading out of the division.”