Colin Bells Boots
Well-Known Member
- Joined
- 31 May 2016
- Messages
- 15,821
- Team supported
- Manchester City
Liverpool This bastions of FFP breached financial fair play rules. UEFA accepted Liverpool’s explanation for spending beyond acceptable thresholds during the 2011-12 and 2012-13 campaigns. UEFA’s Club Financial Control Body investigated Liverpool after the Reds reported losses of £40.5 million ($66 million) for a 10-month period in 2011-12 and £49.8 million ($81.2 million) for the 2012-13 season. UEFA’s FFP rules prohibited clubs from losing £35.4 million ($57.7 million) over the two-year period spanning the 2011-12 and 2012-13 seasons. The Reds spent beyond those levels, but a large chunk of their outlay — around £49.6 million ($80.9 million) was devoted to stadium costs, which falls under UEFA’s “special exemption” category. Would like to see those invoices!
Well you wont see the stadium alterations they supposedly relate to, that's a certainty !