I think you are correct.
Also, isn't there a legal/football rules obstacle, to clubs taking say UEFA or the FA to the Courts? Otherwise, any allegedly aggrieved club would be heading for the Courts e.g. over controversial bans for players or managers. Obviously football governing bodies aren't outside the law, but I think those authorities have such an internal rule, which is signed up to by all participating clubs.
Anyway, with regard to ManC, they were a club in the doldrums for decades and oil money has now bought them some silverware. UEFA's very switched on external accountants/auditors were able to spot non-commercial levels of sponsorship, and so under the clear rules of EUFA FFP agreed and publicised many years in advance, that artificial level of income over a true arms length rate, was scored down to uncover the true level of losses met by owner subsidy. All I think anyone would ask, is that the rules are applied equally over Europe, so that there is no hint of the final results be subjective against certain clubs.
