Liverpool probed over Financial Fair Play

Former European champions Liverpool and Inter Milan are among seven clubs facing further investigations from the governing body Uefa over Financial Fair Play rules. Photo by: Phil Noble/Reuters

Former European champions Liverpool and Inter Milan are among seven clubs facing further investigations from the governing body Uefa over Financial Fair Play rules. Photo by: Phil Noble/Reuters

Published Dec 6, 2014

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Nyon, Switzerland – Former European champions Liverpool and Inter Milan are among seven clubs facing further investigations from the governing body Uefa over Financial Fair Play rules.

Uefa said Friday that six others are also now also probed in connections with possible overspending.

The seven clubs - Liverpool, Inter, Monaco, Roma, Besiktas, Sporting Lisbon and Krasnodar - must provide additional information until February 2015 after a first round of hearings on their financial situation until June 2014 has been completed.

The six new clubs - Sparta Prague, Hull, Lyon, Panathinaikos, Ruch Chorzow and Wolfsburg - must also provide Uefa with more information by February.

Financial fair play rules for clubs were introduced in 2011 in an effort to stop overspending on player transfers and wages. Clubs who don't break even face sanctions including fines, transfer bans or even expulsion from events.

Uefa said that overdue payments have dropped from 57 million euros (70 million dollars) in June 2011 to 8 million in June 2014, and aggregate losses of European top flight clubs decreased from 1.7 billion euros to 800 million euros in the same period. – Sapa-dpa

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