I donโt know the legality of docking teams points. As far as Iโm aware, they didnโt do anything in contravention of the Premier League.
But the brazen nature of their heist does raise a lot of questions about the concentration of power. This might be the best thing that happens to English football if the other clubs in the Premier League and Championship use it constructively as a moment to re-envision football. Everything from how monies are distributed to the ownership models, how money is distributed.
One thing I would immediately force is a knockout contest for the champions league entry going forward, to break this Big 6 hold on the competition.