UEFA has today announced that they are launching an investigation of Liverpool along with six other clubs for a potential breach of Financial Fair Play regulations.
The UEFA guidelines require Champions League and Europa League clubs to submit their accounts and must limit their losses to an agreed amount. Having not competed in Europe last season, Liverpool are now subjected to FFP regulations, as well as Inter Milan, Monaco, and Roma.
Liverpool reported losses of almost £50m for the 2011/12 season, and of around £40m for the 10 month period following that, but they will be hoping to write off a sizeable chunk of that to allowable stadium expenditure, as stadium costs and youth development receive exemptions from the rule.
Brendan Rodgers doesn't seem too worried by the investigation, as he told reporters:
It’s obviously something that will be dealt with by the directors. It’s something we’re comfortable with because we’re great advocates of financial fair play. It’s ongoing with the club.
It will be interesting to see how this one develops.
via The Guardian.
