On DOGSO in the area, if there is an attempt to play the ball you downgrade to Yellow and give the PK. If there is no attempt to play the ball (basically a hold) that's still Red and PK. Basically if it's that cynical, you cheated so you go off.
This is clearly a hold, but to me it's right on the edge of DOGSO. The issue is could Hojlund have gotten to that ball without the hold. He's clearly the only one who could have. But could he have gotten on it?
I would not have been shocked to give the kick and a yellow for SPA. But I'm not complaining.
ETA. Dang. I'm an idiot. If it's SPA in the area it's just a PK and the yellow gets downgraded to no card.
It's either DOGSO red and a PK or just a PK. I don't see a way to give a card in the middle short of making something up.