The Football Association has said Manchester City's English Premier League rule-breaking has left a permanent stain on the sport's reputation.
This came after City was found guilty of 115 charges bordering on financial regulations, leaving the club at risk of losing titles.
A 40-page ruling, published on Tuesday, detailed how the club bypassed stringent regulations set by both the Premier League and UEFA.
In response, the FA said it is monitoring the situation and may take its own disciplinary measures against the club.
It said, "The Independent Commission’s decision has significant implications for the integrity of the game. We are carefully considering the decision and its implications and will take action where appropriate.
"As proceedings between the Premier League and Manchester City Football Club remain ongoing, we do not intend to comment further at this stage. We will, however, continue to monitor developments closely."
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