UEFA confirms Liverpool FFP probe

The Merseyside club were absent from European competition last year and only recently submitted detailed accounts to the governing body, which dictates that losses must be restricted to £35.4million over a two-year window.Liverpool reported losses of £49.8million for the 2012-13 season, and £40.5million for the 10-month period before that, and join Monaco, Roma, Besiktas, Inter Milan, Krasnodar and Sporting Lisbon in being subjected to investigations relating to " potential break-even breaches".A UEFA statement read: "The CFCB (club financial control body) has opened formal investigations into seven clubs as they disclosed a break-even deficit on the basis of their financial reporting periods ending in 2012 and 2013."These clubs will need to submit additional monitoring information during October and November upon the deadlines set by the CFCB, subsequent to which an additional communication shall be made and conservatory measures may be imposed."Liverpool face no immediate sanction as they prepare to provide further details to UEFA throughout the next two months, though the provisional withholding of Champions League funds lingers as a potential next step.(uk.eurosport.yahoo.com)Bakudaily.Az