Liverpool, Inter Milan, Monaco to be Investigated by UEFA for Breaching Financial Fair Play Rule
The Union of European Football Associations, UEFA, is set to probe Liverpool and several other clubs for breaching the possible financial fair play (FFP) rule.
The European governing body is set to make an announcement on Thursday naming Liverpool, Monaco, Inter Milan and Roma as clubs that have recently submitted their accounts to UEFA and are due to be asked to provide further information on their finances to the Club Financial Control Body (CFCB).
As investigations begin, no financial sanctions will be imposed but a provisional sanction to withhold Champions League remuneration fund is possibly hanging over the clubs for the mean time.
UEFA’s FFP rules state that a club’s losses must not be more than £35.4m over the 2011-12 and 2012-13 seasons, after expenses such as youth development and stadium costs are written off, Liverpool made a loss of £49.8m for the 2012-13 season, and £40.5m the season before that.
Manchester City and Paris Saint-Germain were each fined £49m, given restrictions on transfer spending and a reduction in Champions League squad size last season for breaching FFP rules.
