Thursday, 25th September, 2014
Liverpool are one of seven sides under investigation for potentially breaching UEFA's financial fair play rules.
The Reds returned to the Champions League this season, having been absent altogether from European competition last term, and are now having UEFA's spotlight shone on them.
UEFA's rules mean any club competing in European competition must limit their losses to €45m over two seasons.
Liverpool recorded losses of £41m in the 2011/12 campaign, followed by £49.8m in 2012/13.
Other clubs being investigated by UEFA are Besiktas, Monaco, Roma, Inter, Sporting Lisbon and Krasnodar.
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UEFA released a statement which read: "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."
Paris Saint-Germain and Manchester City fell foul of UEFA's financial fair play rules last term, were fined €60m and saw their Champions League squads restricted to 21 players.
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