Liverpool lost more than they were supposed to be during the 2011/12 season which could land them in hot water with UEFA.
Reports suggest that the Reds reported losses of £49.8million three years ago which exceeded the Financial Fair Play rules introduced by European football's governing body.
The Anfield outfit could be penalised for breaching the rules, which stated they could only lose £35.4million in that particular season, but the Merseysiders believe a 'transitional relief' rule will save their hides according to the Daily Mail.
Fenway Sports Group took over in 2010 when the club was close to entering administration but their failure to achieve profits in the short timeframe after could be forgiven as they were transitioning back into the black.
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