By Jonathan Davies
Liverpool Football Club is under investigation over possible breaches of Financial Fair Play (FFP) rules, according to European football's governing body UEFA.
The Merseyside club is one of seven being investigated by UEFA. Monaco, Inter Milan, Roma, Besiktas, Sporting Lisbon and Krasnodar may have breached the FFP rules.
The relatively new rules mean any club playing in European competitions must restrict their losses to £35.4m over two seasons.
In May, Manchester United and Paris St-Germain (PSG) were fined £50m for breaching FFP rules and had spending and Champions League squad sized limited.
In a statement, UEFA said: "The 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."
The seven clubs will have to provide further financial information in October, with a decision to be made in November.
Liverpool reported losses of £49.8m in 2012-13 and £41m in 2011-12, but the club claims it has not breached the rules, having signed a number of commercial deals in the last 18 months.
Liverpool manager Brendan Rodgers said: "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."
You can tweet your reactions to @freshbusiness or email firstname.lastname@example.org
Join us on