Massive gamble this for City I think. He's clearly a brilliant manager but struggling to think of a single club /manager that when the sparkle no longer sparkles that they've been able to turn it around. Fergie never lost his sparkle, whereas City most certainly has. Maybe they simply have the money to rebuild the team, as in almost every other case it's the manager that goes as it's the cheaper option.
They've cheated FFP once already. Im sure they will do it again and he will get another blank cheque book.