The immediate thing to watch out for is news of an appeal from Manchester City. Under Premier League rules, the club would have 14 days from the announcement of the verdict to submit an appeal, with the process that follows expected to be completed in less than 12 weeks. If City do appeal, they would be allowed to submit new evidence and make new oral presentations in an attempt to overturn the decision.
The club would be submitting an appeal based solely on the decision and not any resulting punishment, which is yet to be determined. If City's appeals failed, there are a number of measures available to the panel, including fines and complete expulsion from the league, with a variety of sporting sanctions including point deductions falling in-between. Given the magnitude of the verdict, City can expect to receive a punishment at the sharper end of the scale should their appeal not prove successful.
A wave of lawsuits is likely to follow, with Premier League clubs and those who have been relegated from the division assessing any potential financial losses they may have incurred during the period City were winning and, appeal pending, breaking the rules.