Liverpool have been handed a boost in their bid to return to the Champions League after UEFA insisted that they will not be forced to pass the Financial Fair Play break-even rule.
Brendan Rodgers' side currently sit second in the Premier League table and remain on course to end their five-year exile from Europe's premier club competition with a six-point margin over fifth-placed Tottenham, one of their biggest rivals for a top four finish.
But accounts for the 2012-13 financial year released earlier this week showed that the Anfield club had a post-tax shortfall of almost £50 million while recorded losses of over £40 million in the previous year threatened to hinder their planned Champions League return.
UEFA are currently investigating 76 of 237 clubs that have competed in this season's Champions League and Europa League to assess their cooperation with the financial legislation with some facing the prospect of disqualification from the competitions this summer.
But a UEFA spokesman has confirmed that clubs currently not involved in European competitions, including Liverpool and Monaco, have been told that their finances will not face immediate scrutiny or sanctions this year. Those eligible for the flagship competitions next season will be audited in the forthcoming campaign alongside their peers.
The Premier League's new lucrative television deal will also be taken into account when assessing the finances of English clubs although Manchester City, whose deficit was £149 million over the previous two seasons, are expected to be placed under the microscope.
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