The Reds’ return to the Champions League could cost them dearly.
After a two year absence from European football Liverpool returned to the Champions League this season having finished second in the Premier League in 2013/14.
However, this could cost them as UEFA are now scrutinising their books from the past 24 months and they may have unwittingly breached the organisation’s Financial Fair Play rules.
Having not competed in any UEFA competition since 2011 the Reds have also not been subjected to the new FFP stipulations – with both Manchester City and Paris Saint-Germain falling foul in recent times for their excessive spending.
FFP says that losses for a club must not exceed an amount set by them and if the Merseyside outfit are found not to have adhered to this they could lose up to £7m of this term’s prize money.
“As soon as a club qualifies [for a UEFA competition], it enters the scope of Financial Fair Play,” head of Club Licensing and Financial Fair Play at UEFA, Andrea Traverso, was quoted by the Telegraph.
“So they have to immediately submit all the information to UEFA.”
The Reds submitted their accounts for the past two years to Europe’s top footballing governing body over the summer and are waiting to find out if they are deemed ‘at risk.’
Last campaign 76 teams breached the rules, although of those only nine actually received sanctions, with City and PSG both seeing their Champions League squad for 2014/15 reduced from 25 representatives to 21.