Then what is the point of a Regulator?
It is blindingly obvious to even the most half-witted observer that the sanctions are being applied on an ad-hoc basis, clearly designed to protect the clubs that draw the biggest money into the pot.
If a regulator is not designed to address such inbalance, what the hell is it there for?
No amount of weasel words will obfuscate the long term cheating in this case and the blatant and obvious creative accounting that has allowed this Johnnie-cum-lately club to avoid (but not evade) rules and regulations, allegedly to give an even playing field.
Chuck them out of the league, along with the current management team of the PL.
Don’t bother responding
@WestStandLower as your attempts to minimise your clubs corrupt behaviour invalidates your opinion.