Liverpool line up windfall worth HUNDREDS of millions
Premier League football is simpler than it seems. Generally, the more money you spend the more successful you are - unless you are Manchester United.
With that in mind, Liverpool under FSG have always tried to be shrewd with their spending. Competing with the likes of United, Manchester City and Chelsea has been a balancing act for the club who are unprepared to spend the kinds of sums other top clubs do without thinking.
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Liverpool's success with FSG as owners has come from smart spending and finding ways to increase revenues across the board. Player transfers are more expensive than ever, and Liverpool are in a position where they will be expected to pay huge salaries to Mohamed Salah, Virgil van Dijk and Trent Alexander-Arnold if they are to keep them at the club.
FSG have put significant funds into expanding Anfield and improving training facilities alongside working on huge commercial deals, all with the aim of trying to increase their bank balance to allow for more spending.
They have been successful in doing that, most recently with the new Adidas kit deal that will close the gap with other clubs off the pitch.
And now another huge windfall could be coming Liverpool's way.
Liverpool could bank millions in compensation
According to Martin Ziegler of The Times, Liverpool are one of four clubs who have lodged a legal notice reserving the right to seek compensation if Manchester City are found guilty of serious charges in their case with the Premier League. Arsenal, Manchester United and Tottenham Hotspur are the other three clubs involved, with each club taking the step to formally register their potential claims ahead of a potential statute of limitations deadline last week.
According to Ziegler: "The compensation notices were served after the four clubs were advised by lawyers there was a potential six-year statute of limitations period dating from November 5, 2018, when the German website Der Spiegel first published the Football Leaks documents.
"Although City’s alleged rule breaches date from 2009, the 1980 Limitation Act’s six-year period for legal claims for breaches of contract in the UK allows an exception where that breach has been concealed. That would allow the six-year period to begin when details of the alleged breaches were made public.
"In the City case, lawyers are understood to have advised clubs that if they waited until the outcome of the hearing into the 115 alleged rule breaches then there was a risk any compensation claim could be deemed to be out of time."
What have Manchester City been accused of?
The 115 charges brought against City by the Premier League allege that they broke their Financial Fair Play rules over the course of nine years, from 2009 to 2018.
These include: Failure to provide accurate and up-to-date financial information from 2009-2018 (54 charges); Failure to provide accurate financial reports for player and manager compensation from 2009-2018 (14 charges); Failure to comply with UEFA's regulations, including Financial Fair Play Regulations (5 charges); Breaching Premier League Profitability and Sustainability regulations from 2015-2018 (7 charges); Failure to co-operate with Premier League investigations from 2018-2023 (35 charges).
If found guilty, clubs could claim for loss of income for missing out on league titles and Champions League qualification spots over several seasons.
The total compensation could be “hundreds of millions of pounds,” according to Ziegler.
The hearing is well underway at this stage, with a decision expected to be made in Spring of 2025.
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