Punishments they barely felt. Just a tiny slap on the wrist. The PL had a chance to do something significant but bottled it. Having seen the paltry punishments meted out we will now go into open season for financial cheating.
We'll see what the punishments for the new rules will be.
The punishments were for clubs that did (somewhat) try to get back in line with the rules and were fairly honest about their accounts. Everton were £19m over the (£105m) spending limit, forest roughly the same. Punishments for those that completely ignire the rules or massively overspend will be punished harder (that from the commissions report).
You say they were paltry. But how many points deductions had we ever seen in the prem before?