UEFA has confirmed it is investigating Liverpool for a potential breach of its financial fair play regulations.
The Reds are one of seven clubs along with Monaco, Roma, Besiktas, Inter Milan, Krasnodar and Sporting Lisbon under the microscope from European football’s governing body,
The Merseyside club were absent from European competition last year and only recently submitted detailed accounts to the governing body, which dictates that losses must be restricted to £35.4million over a two-year window.
Liverpool reported losses of £49.8m for the 2012/13 season, and £40.5m for the 10-month period before that and are now subject to investigations relating to “potential break-even breaches”.
A UEFA statement read: “The CFCB (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.
“These clubs will need to submit additional monitoring information during October and November upon the deadlines set by the CFCB, subsequent to which an additional communication shall be made and conservatory measures may be imposed.”
Liverpool face no immediate sanction as they prepare to provide further details to UEFA throughout the next two months, though the provisional withholding of Champions League funds lingers as a potential next step.
ble with the investigation because the club support the system that UEFA has.
The Merseyside club are believed to be hopeful of avoiding any future sanctions by writing off a big chunk of losses as allowable stadium expenditure.
Rodgers said: “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.”
Manchester City and Paris Saint-Germain were the clubs hit hardest by UEFA last season for breaching FFP rules, and City boss Manuel Pellegrini has been critical of the regulations.