It should have been blown away long before now, whatever nonsense they spout about it FFP was brought in purely & simply to protect the established big clubs & to prevent a Man City ever happening again.
If Xia has lasted that summer & by some miracle we had avoided administration the EFL would have been all over us like a rash trying to get a big scalp that can’t fight back....as soon as the current owners and their wealth figures were known they left us alone.
No owner should be preventing from investing what they want, however anything above an agreed number ie a % of income should be leveraged directly against the owner rather than the club & proof of funding required.
I suspect on the back of the City ruling you might see the Chelsea’s / Liverpool’s / Man Utd’s actively lobbying the PL to reject the Saudi investment at Newcastle to protect their interests?