Uefa investigating Liverpool over possible Financial Fair Play breach
Uefa have launched an investigation into possible breaches of their Financial Fair Play (FFP) rules, and Liverpool are one of the clubs in the spotlight, reports BBC
Seven clubs have been named in total, but the Reds are the only Premier League side under investigation. The other clubs whose records are being scrutinised are AS Monaco, Inter Milan, AS Roma, Besiktas, Sporting Lisbon and Russian newcomers FC Krasnodar.
According to a Uefa statement, “The Club Financial Control Body has opened formal investigations into seven clubs as they disclosed a break-even deficit on the basis of their financial reporting periods ending in 2012 and 2013.”
Further information will be collected by investigators over the coming months, and a decision is expected by the end of the year.
Possible sanctions Liverpool could face are fines, wage caps and restrictions on squad size for European competitions. Fellow Premier League side Manchester City were hit with a £49 million fine and had limits put on their spending and squad numbers after breaching FFP regulations last year.
Liverpool posted losses of £49.8 million in 2012-13 and £41 million in 2011-12, but remain confident that they will be cleared of any wrongdoing.
“It’s obviously something that will be dealt with by the directors. It’s something we’re comfortable with because we’re great advocates of Financial Fair Play. It’s ongoing with the club,” said Reds boss Brendan Rodgers.
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