The European Football Associations (UEFA) has formally opened an investigation against seven clubs as a result of possible breaches of the financial fair play rules.
It confirms UEFA on its website today, and it is UEFA’s Financial Control Committee (CFCB) which will now investigate the seven clubs for possible violations of the financial fair play regulations (FFP rules).
According to the rules UEFA have clubs competing in Europe limit their losses over two seasons to over 350 million.
The clubs in question are Liverpool, Monaco, Inter, Roma, Besiktas, Sporting and Krasnodar, which according statement from UEFA has reported losses on accounts reported in late 2012 and 2013.
According to the BBC went Liverpool in 2011/12 and 2012/13 with a loss of nearly one billion, but the Merseyside club are not afraid that they have broken the FFP rules, including having signed several lucrative deals over the past 18 months.
– There is something that is going to be taken care of by our directors, but it is something we are comfortable with because we have very good lawyers who know the rules, says Brendan Rodgers said.
Liverpool and the other six clubs must now provide additional information to CFCB during the next two months until a deadline set by the Committee. Then it will become clear what measures will be made.
In addition to opening an investigation against these seven clubs, UEFA announced that the preliminary withholds prize money to the clubs Bursaspr, Cluf, Asta, Budocnost Podgorica and FK Ekranas as a result of breach of FFP rules.
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