There will be no sanctions or just token sanctions and this issue will rear it's head again in 12 months it's far from over.
The other 14 should start clandestine meetings now so as to be better prepared for the next onslaught. It should be written into the rules now that any club deciding to join another league will automatically be disqualified from the premier league without any option to rejoin.
Yep they need to be forced to sign something better worded than the L9 rule stating that this will never happen again. If it does they face expulsion from the The PL and EFL - make it watertight as this sounds like a temporary pause