…or water 7 will be in trouble.
It depends whether the Navy will demote Spandam like they did with Morgan, cause if not, he could be just like that corrupt Officer who coop with Arlong, may make up some elaborate lie about water 7 in order to make himself look good (no justice here, pal; just self gratification), which may cause Navy to send a team to either arrest Gallery-la dock 1 members or Iceburg, a bounty on everyone on them (since Spandam is the only one that knows they are not truly SH), or even good ol' buster call.
Well, it depends how much power Mr. Panda still has, of course...
Before you say that they will not do that because Water 7 provide lots of ships for the Navy, let's not forget that this happened in Gundam SEED too, where Orb provided the Gundams to EA, but still getting attacked.