Already got punished for FFP rules but they've got a hugely elaborate plan to get around it now...
http://metro.co.uk/2014/08/03/arsene-wenger-questions-frank-lampards-manchester-city-transfer-4820157/
Would have to say I completely agree with Wenger that it does seem like a way to get around the FFP rules. If NYC and Melbourne City start buying good players and loaning them back to Man City it'll be pretty obvious since no good player would ever join MLS or A-League until their career is dead...