Liverpool face UEFA financial fair play investigation
Liverpool will be named as one of several clubs under investigation by UEFA for possible financial fair play (FFP) breaches this week.
An announcement by the European governing body is expected to be made as early as today. Liverpool, Monaco, Inter Milan and Roma - who were all absent from European competition last season and have recently submitted their accounts to UEFA - are due to be asked to provide further information on their finances to the Club Financial Control Body.
No financial sanctions will be imposed at this stage, however - though a provisional sanction to withhold Champions League money is possible as a next step in the process.
Liverpool made a loss of £49.8m for the 2012-13 season, and £40.5m for the 10-month period before that.
The Merseyside club will hope to avoid any sanctions by writing off a big chunk of losses as allowable stadium expenditure - the 2011-12 accounts reported that £49.6m was associated with Liverpool's stadium costs, £35m coming from former co-owner Tom Hicks' aborted plan to build a new stadium on Stanley Park.
UEFA's FFP rules say losses must be no more than £35.4m over the 2011-12 and 2012-13 seasons, but allow expenses such as on youth development and stadium costs to be written off.
Manchester City and Paris St Germain were the clubs hit hardest by UEFA last season for breaching FFP rules - they were each fined £49m and handed restrictions on transfer spending and a reduction in Champions League squad size.
UEFA remain confident that legal action against its FFP rules will be defeated and that a crucial European Commission decision in its favour will be made in the next fortnight.
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