On October 12, Steven Gerrard, a Liverpool FC legend, appeared on the "Overlap Daily" interview programme and discussed the financial irregularities of Manchester City FC.

Gerrard said: "It's clear this is an ongoing process and we need to take time to see what happens next. It could become litigation or what you might call a 'pre-trial hearing,' and you don't know how long it will take.

What frustrates me, and what frustrates everyone: how long will it take before we know whether they're innocent or guilty?

As for Manchester City's players, I'm not targeting them personally because they are all excellent players and they've earned what they achieved. They deserve it absolutely. I'm not the type to sit here and say I wish I had Premier League medals, or that I want the medals they have.

I accept the fact that I never won the Premier League title. I accept that, and I accept what happened to me at the end of that season (the slip).

I've heard many Manchester City players and many Manchester City fans say: 'You can't take those moments away from us.' It's not just me and the team I played for, but over the past decade, Tottenham fans, Manchester United fans, Everton fans, former Manchester City players, current Manchester City players, Manchester City owners, and everyone associated with Manchester City will have to consider what memories they may have stolen from others. That's how I feel right now.

Personally, that year was difficult and the ending was cruel. It's not the fault of Manchester City's players. I have tremendous respect for every player who has played for Manchester City, my England teammates at Manchester City, and their success. I will never disrespect them personally.

This isn't about Manchester City fans either, but they have to ask themselves whether their club has done something wrong or when they might have. I know they'll say they're innocent, but I believe the truth will come out eventually. They need to consider what memories or opportunities individuals, teams, and other clubs may have lost.

What I'm trying to say is, if it were Liverpool FC and they had tainted other people's memories, I would never speak to their owner again, even if you trusted them, because the owner says we didn't do anything wrong.

So if they're innocent, there's no problem.

In my opinion, whether past or present, if something genuinely happened, there should be appropriate punishment. What matters to me is I'm not seeking Premier League medals because it wouldn't feel the same. It would be completely different. They performed brilliantly during that time, and one of the toughest opponents was Manchester City, both individually and as a team. Playing against David Silva especially was really difficult. He had incredible technical ability, and their teamwork was excellent too.

But you have to question how they became so strong so quickly. Consider teams that had to be built slowly, like Brighton; it should be a gradual process. You have to build it step by step.

So, within the bounds of the rules, the speed with which they became a strong, dominant, and influential team has attracted attention.

A few weeks ago, the managers of Liverpool FC, Manchester United, and all the other teams competing against Manchester City were discussing the situation regarding squad depth, signings, and how they could sign so many high-priced players while we could only sign a few.

This has been going on for a long time behind the scenes, but now they've been caught and we'll see the results.

I'm not asking for individual players to give anything back. I won't accept anything. I accept my current situation and my success, etc. But from the club's perspective, they need to be punished.

I read something about Juventus (the Calciopoli case), which involved different things like fixing match results, but they had titles stripped and the punishment was severe. It set an example for Italian football: you can't fix matches anymore or your titles will be stripped.

I don't know what the appropriate punishment is. I've heard some say they should be relegated, but that wouldn't be fair to other teams because they would definitely drop down to claim a promotion spot, and I don't think that's fair.

That's my opinion. I think the Premier League should continue and punish them for a period. I'm not saying this is the correct view, but it's just my opinion.

I believe they should be banned from signing players, making them suffer the pain they've inflicted on other teams. That's my opinion. And I think the punishment needs to be strong enough to be a deterrent.

Yesterday I was in the lounge and I heard several foreign players discussing what Manchester City FC did, so this has had a global impact and needs to be resolved quickly. Furthermore, sanctions need to be severe to prevent this from happening again."

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