Hull fined for breaching FFP rules

Hull City have been fined £145,000 by UEFA after breaching Financial Fair Play regulations, but Premier League rivals Liverpool have avoided punishment, Goal.com has reported.

The Tigers, owned by Egyptian businessman Assem Allam, are one of four European clubs to be fined by UEFA as part of their investigation. Should they not meet the requirements of European football’s governing body in the coming months, they could be made to pay another £290,000.

Introduced in 2012, Financial Fair Play rules require clubs to not lose more than they earn over a period of three seasons. In Hull’s case, manager Steve Bruce believes the club have incurred the sanctions as a result of helping them gain promotion to the Premier League in 2012, as well in their participation in the Europa League this term.

Liverpool were cleared despite posting an annual loss of £49.8m in 2012-13. Following an investigation from the Club Financial Control Body, the Reds produced extra financial information which allowed them to satisfy the break even requirements, although monitoring from UEFA will continue.

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