UEFA clear Liverpool not Hull

The Anfield club were found to have satisfied “the break-even requirement” and were no longer under investigation.

UEFA’s Club Financial Control Body (CFCB) announced the decisions following a??meeting on Friday

Put simply, the Reds lost around ??50m in the??2012/13??season but because they spent most of the money on infrastructure, their stadium and training ground UEFA were happy with the amount spent.

UEFA investigated the clubs’ accounts on their return to European club competitions this season, which is the second year of sanctions being applied.

Ian Ayre, Liverpool’s chief executive officer, said following the judgement: “During this review period, the club was going through a transitional period having just emerged from a difficult financial and operational position under previous ownership.

“Since FSG took over in October 2010, we have stabilised the club and made good overall progress by taking a measured approach to our financial position as we worked towards FFP compliance.?? We have always been supportive of the principles of FFP and welcome today???s announcement”

Hull were found to be in breach of the rules, however, and agreed to pay a settlement of around ??145,000 (200,000 euro) with the club’s accounts continuing to be monitored by UEFA for the next year.

City played in the qualifying rounds of the Europa League this season for the first time, but??would have to pay an additional ??290,000 if they??were not compliant with FFP for the 2015/16 season.

UEFA introduced the financial monitoring project in 2011 to curb overspending on players.

Israeli club Hapoel Tel-Aviv, Panathinaikos of Greece and Poland’s Ruch Chorzow joined Hull in settling payments for excessive losses while Czechs Sparta Prague joined Liverpool in satisfying the break-even rule to escape financial punishment.

In new cases, UEFA revealed they were investigating the accounts of Moscow clubs Dynamo and Lokomotiv.