Charlie Holt has left Manchester City and joined Cardiff City’s Under-21s.It makes him the first player to leave after the Premier League giants were found guilty on all 115 charges of financial rule breaches.He made 12 league appearances as he helped Man City’s U18s win the Premier League North titleGettyThe young midfielder has secured a move to the Welsh capital amid the uncertainty surrounding the future at the Etihad.The 17-year-old will not be joining the senior squad yet, but will feature for the Under-21s managed by Matthew Bloxham.City boss Enzo Maresca has already seen David Eze move to Manchester United prior to the charges being officially announced.Holt was excited by the opportunity, and said: “I’m very pleased to be here. It’s a great opportunity and a different challenge for me.“It’s a brilliant environment to be in and I can’t wait to get started. I’d say I’m an energetic player with technical ability on the ball. Hopefully, I can chip in with a few goals as well. “The opportunities that you can get here at Cardiff are clear to see. It’s a great place to be.”The youngster did not make his senior debut while at Man City; however, made 12 appearances for the U18s.What could Man City’s punishment be?The Citizens have officially appealed their seismic guilty verdict that was delivered by an independent commission in September.In the decision, it was pointed out that the Premier League believes the club had disguised funding of more than £900million in a series of ‘sham’ commercial deals between 2009 and 2018.It remains to be seen what their punishment will be – or whether it will impact the future of star players such as Erling Haaland.Holt is making his switch after only signing his scholarship with Man City in June 2025Shutterstock EditorialWith many pushing for unprecedented sanctions, City could be relegated to the Championship and come up against the Bluebirds as early as next season, or face even worse punishment, with the EFL willing to work in tandem with the Premier League.talkSPORT’s Ben Jacobs said: “My understanding is the Premier League have been pushing for a significant, a record, a ground-breaking, a severe points deduction, and even having Manchester City relegated.“I can also exclusively tell you that if Manchester City are kicked out of the Premier League, the EFL plan to read the verdict, and they are willing, in solidarity, to back the Premier League position and try to keep Manchester City out of the EFL as well.“So there’s a danger in a doomsday scenario that Manchester City could be kicked out of football altogether.”One possibility is that City receive a points deduction in the range of 50-55 points, which Jacobs described as a ‘de facto relegation’.Any more points and Jacobs believed it would be an ‘automatic relegation’.He added that City could also receive a points deduction that is spread across multiple seasons, which would damage the club’s Champions League aspirations.Man City prepare to head to Anfield on Sunday in their first game since the guilty verdict was announced.