It will be a hot potato either way, there's no solution that's clearly going to satisfy all parties.
It's true Ronay overwrites as if he were HP Lovecraft. But his general point the contradiction between diplomatic, trade and football interests might snooker the "independent regulator" is something I hadn't thought about up to this point.
It seems a stronger argument against state-linked club ownership than bleating "those filthy Gulf monarchies" as if (as we've said many times before) Russian oligarchs or United States billionaires have spotless hands, or sagely deploying pejorative terms such as "petroclub".
That's because it could bring "sovereign risk" into play for the controllers of the league's capital ... the clubs considered as a corporate collective.
Speculating, but it might create some urgency for the PL to decisively settle the matter of City's quite blatant FFP dodges, these backdoor payments to Mancini probably among the most easily identified.
Can't say I expect a great outcome, but from the league's perspective, the product is everything.