Two words:Regardless of whether it should, it will never happen. The EPL etc will not risk their finances by taking on City in a further fight that could end up with City suing the EPL for £billions in damages, nor will the EPL want to have a competition without City due to the potential reduction in revenue streams by having one of their global teams out of the league.
In a way it surprises me that anybody still thinks that there is anything that top trumps money in the business of football. etc. I wish it were different but it is where we are now.
Juventus
Rangers
Shit can happen for the biggest of clubs.
I'm not saying it will here, but it may.
And I don't share your confidence in the corruption and venality of the EPL.
The EPL can survive quite happily without Citeh for a season (or, hopefully, more).