If Hull City breach FFP rules again they will have to pay a further £290,000
Relegation-threatened Hull has also agreed to pay a further £290,000 to European football’s governing body if it fails to fulfil the operational and financial measures agreed with Uefa.
Hull’s first ever season in Europe, achieved as losing FA Cup finalists, ended when they were knocked out of the Europa League qualifying round on away goals to Lokeren.
Liverpool chief executive Ian Ayre welcomed confirmation from Uefa that the Anfield club was not in breach despite reporting losses of £49.8m for the 2012-13 season and £40.5m for the 10-month period before that.
Uefa’s FFP rules state losses cannot exceed €45m, after equity injections, over the 2011-12, 2012-13 and 2013-14 campaigns.
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Liverpool will announce a first profit in seven years when their accounts are released on Monday to show the turnaround under new owners, Fenway Sports Group, following their buy-out of George Gillett and Tom Hicks.
“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,” said Ayre.
“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."
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