Manchester City have been warned they could face a 100-point deduction if they are proven guilty of the 115 charges.
City's is reportedly finally to set to be hear on Monday, 16 September as they accusations of breaching financial regulars over nine years starting from 2009.
Read: Man City's 115 charges case 'gets start date'
Everton and Nottingham Forest both had points deducted during the 2023/24 season after being found guilty of financial breaches, but Football finance expert Kieran Maguire feels City's punishment could be worse.
"It can't be a financial punishment, that would make everybody think the whole thing was a waste of time. If you take a look at the hearing at both Everton and Nottingham Forest, the commissions both said this is a minor breach of the rules," Maguire told talkSPORT.
"Now 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, although 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 60-100 points on the basis that they would want the club to suffer enough to be heading out of the division."