Football

Liverpool relaxed over fine threat

Liverpool are "very relaxed" despite the prospect of missing out on most of the £7 million ($14.5m) of Champions League prize money they are set to be awarded due to breaches of Uefa's Financial Fair Play regulations, according to the Daily Mail.

The Merseyside club are set to receive the funds next month, after making it into Europe's premier club competition for the first time in five seasons.

But to receive the windfall, clubs have to ensure that they do not lose more than £35.4m over a period of two seasons.

PENALTIES

Already two European giants, Paris St-Germain and Manchester City, have been hit with substantial penalties for exceeding that figure.

The Reds were in the red to the tune of £49.8m for the 2012/13 season, and incurred a £41m loss for the 10-month period through to May 2012.

However, clubs can use investment in youth development and club infrastructure to offset those figures, and Brendan Rodgers' side feel they would have a strong case to present to European football's governing body should they be investigated.

Clubs can also point to projected revenues when arguing their case, and the Reds' bank balances for the current year are believed to be very healthy. - Wire Services.