On Thursday, UEFA announced that a formal investigation will take place into the finances of Premier League side Liverpool and six other European teams over “possible Financial Fair Play (FFP) breaches.”
According to UEFA, Liverpool, Inter Milan, AS Roma, Sporting Lisbon, AS Monaco, Besiktas and FC Krasnodar will all being investigated after recently submitting details of their financial accounts to European soccer’s governing body.
Liverpool will be under the spotlight after being absent from European competitions last season, and the rules state that all clubs must not lose more than $57.7 million over a two-year-period.
According to financial records, Liverpool are said to have lost $81.2 million in the 2012-13 season and a further $66.1 million for the 10-month period before that.
Below is the statement from UEFA, as Liverpool are among seven European teams currently competing in either the Champions League or Europa League who are under investigation.
