As much as FFP can be bypassed, there is no doubting that it will still make it a whole lot harder for a club to quickly build itself up like Man City and PSG did. If you randomly spend what they did in one transfer window now, you will get punished for it. Other clubs in Europe have tried to do it since but they have all given up after a couple of years and ended up worse off than where they started.
Plus, this could be complete bullshit like the numerous other takeover rumours have been.