Cannot believe the EFL would risk a sanction that involves removing Saints from the competition - would be completely unfair and open to legal challenges. Precedence IF found guilty after looking at the full evidence would be a fine commensurate with the issue. Adding some form of points deduction, even delayed, would be disproportionate too.
My feeling is there are two key unknowns that will have a bearing on the outcome - was the lad in full employ of Saints and under instruction, and secondly, has convincing evidence been provided that any training information gained was substantive enough to gain an advantage. That’s why Saints have insisted they need to investigate ‘context’ rather than just admitting to the charge as Leeds/Bielsa did. I guess we can all speculate - the next couple of days will reveal much.