If this two-year Europe ban gets upheld, then City have lost a lot of their purchasing power. It's bad enough for us, who have to rely on wheedling players to join us by saying they're the missing link who'll take us to Europe. City could have a lot of players (and a manager) pushing to leave this summer, because careers are only so long and not many will feel an affinity to City, which will just make buying all the harder for them. It's not quite a transfer ban, but if they want to avoid downgrading their squad with players of Lingard's calibre, then it's not quite not.
Chelsea and us both have both had the same problem this season: good first team, weak squad options. Chelsea have acted quickly to bring in attacking players, but I'm really unsure about their defence; they've conceded 41 goals which is closer to the team who have conceded most (Villa) than the team who've conceded least (Liverpool). It's the same number as Arsenal, whose defence has been a laughing stock all season. Despite how much we claim to have a crap goalkeeper and defenders, the fact that only Liverpool and Leicester have conceded more than us shows we don't. Our record in front of goal is what appears to be slowing us down - although having brought Fernandes in, that appears to now be significantly less of an issue. Sancho is still an absolute must and I would convert Ighalo's loan into a permanent move, giving Greenwood the opportunities that he has shown he deserves.
Klopp has committed to not spending big money this summer. If you've ever read Keane's autobiography, he tears into United for not going after the biggest players in world football after the Treble to consolidate the place atop Europe. If Liverpool take the same approach with their fairly thin squad, they won't find next season as easy. If they do build appropriately, they will be incredibly difficult to stop.