Liverpool could join Manchester City in the ranks of giant English clubs that possibly violated the Financial Fair Play by-laws that govern European football. Liverpool’s losses over the past two seasons exceed the FFP limit and a UEFA inquiry is ongoing.
According to The Times of London, with hat tip to Paper Chase, “Liverpool could have nearly £7 million of Champions League money withheld as UEFA looks into whether the Anfield club breached Financial Fair Play rules.”
Other outlets place the potential financial hit at £6.8 million. Now comes a new story from the Daily Mail today:
“Liverpool are being investigated by UEFA for possible breaches of financial fair play rules because their accounts show a £49.8million loss for the 2012-13 season.:
It’s been a rough start for Brendan Rodgers side in the Premier League thus far. Let’s see how he sails the ship through these rough seas.
Paul M. Banks owns, operates and very often writes The Sports Bank.net, which is partners with Fox Sports. Read his features stories in the Chicago Tribune RedEye edition. Listen to him on 1620 The Zone. Follow him on Twitter (@paulmbanks). His work has been featured in hundreds of media outlets including The Washington Post and ESPN 2
