Liverpool have announced losses of nearly £50 million in their latest annual club accounts.
The Telegraph says the figures to the end of May 2013, Brendan Rodgers' first season at Anfield, will place in doubt the club's ability to conform with Uefa's Financial Fair Play rules, which allow a loss of 45m (£38m) over three seasons. The club made a loss of £40.5m for the period of August 2011 to May 2012, and a £49.3 for the 12 months prior to that.
Liverpool dropped three places to 12th in Deloitte's Football Money League last season but total revenue broke through the £200m mark for the first time, to £206m.
They are the highest-ranked club in the Money League that is not in the Champions League. However, this season Liverpool have been successful on the pitch and are on course for a place in Europe's premier competition, which would increase revenue significantly.
