Chris Sutton believes Arsenal, Chelsea and Tottenham should be given a points deduction and a fine for attempting to breakaway into the European Super League.
All three London clubs were confirmed as founding members of the new league on Sunday night.
But 48 hours later, following a huge backlash from fans and pundits alike, all of them, alongside the other three English clubs involved - Manchester City, Manchester United and Liverpool - pulled out.
It could prove to be a very expensive mistake, with all of the clubs potentially facing a fine for breaking their contract with the European Super League, or for attempting to by the Premier League.
It will be interesting to see what punishments are handed down by the Premier League in the coming days, but Sutton, a Premier League winner with Blackburn in 1995, is in no doubt what should happen.
Speaking on BT Sport during the game between Leicester City and West Bromwich Albion, Sutton said: "I’d give them a 12-point deduction immediately and I’d give them a European ban for a couple of years.
"Aleksander Ceferin [UEFA president] called them snakes, well take the venom out of the snakes. Give them a European ban, let other teams come up and compete. Otherwise what is the deterrent?
"If you expel them from the Premier League they can go and set up their own other league. I think there are things which can be done.
"How do you punish a billionaire? I think we can fine the billionaires heavily and put the money into grassroots football, say £50million per club."
