Indeed, clubs that had deals rejected under this (which definitely is Man City and probably Forest, Villa, Newcastle and others) could claim back from the Premier League the difference in sponsorship between the rejected deal and what they were allowed for the 3 years, plus potentially any realistic sporting losses incurred by not being able to spend the extra money at the time, and Man City could well have all their legal costs awarded. This could cost Premier League a very conservative 100 million, and therefore Spurs 1/20th of that.
Richard Masters job must be untenable now.
What it could do is open the door to Newcastle getting some very big deals from Saudi, if they are confident the current rules are also unenforceable