I've not read the thread, so forgive me if I'm repeating anything, or re-opening stuff that's been done to death.
The consensus among the Newcastle fans I've talked to about this are; the rules are protectionist bullshit, and Man City should be punished severely for breaking them, and the rules should be rewritten.
This debacle destroys the argument that clubs just need to be well run, scout well and recruit managers well and then they too can compete. Look at you, Bournemouth and Brighton; well run, scouting well and recruiting managers well. With all due respect, you're nowhere near challenging consistently for the Champions League spots, let alone the title. Man City had to break the financial rules to the tune of nearly £1bn to be a genuine threat. But not in the same way as Chelsea did... that's not as bad because reasons.
Debt-Linked Anchoring seems fair to me.