There very much will be a part 2 and it will be much worse for them, not least as they've been refusing to hand over accounts for the later years apparently.

When they do get hold of them I imagine we'll see they've been emboldened by having got away with it for years earlier. And of course they'll then be repeat offenders. The punishments should be catastrophic for them. Clearly the attitude from the top is that they can do what the fuck they want, which is very much how they live their lives generally.

I'm surprised but impressed by the panel (and Masters) having properly gone for them, but they didn't have much choice given how they'd just been stonewalled and told to fuck off for years. The repeated (11 times?) use of the word "sham" tells its own story. They're fuming with them.

Cue £100 million fine and 2 year transfer ban which will have no material effect. They need completely destroying. I'm talking 5 leagues below League 2, whatever that is.

It's just when they started the investigation. At that point there would have been a cut off saying we are just investigating to this point.

Otherwise that 115 charges would have been increasing on a monthly basis.

Despite me not being emotionally arsed by it all, somebody has already pointed out by that stage they were able to attract enough legitimate revenue to prevent the need to over inflate their numbers.