Liverpool's manager Brendan Rodgers smiles during a training session at the club's Melwood training complex in Liverpool, northern England September 15, 2014. Liverpool are set to play Bulgarian side Ludogorets Razgrad in the Champions League on
Liverpool's manager Brendan Rodgers smiles during a training session at the club's Melwood training complex in Liverpool, northern England September 15, 2014. Liverpool are set to play Bulgarian side Ludogorets Razgrad in the Champions League on Tuesday. REUTERS/Phil Noble

Europe's football governing body, UEFA, has issued a statement to the effect that they have "opened formal investigations" for a possible breach of the Financial Fair Play rules by Liverpool FC, along with other top clubs.

It, however, did not make mention of any immediate sanctions, but said that "conservatory measures" might be taken after review of summoned documents shall have taken place.

"The CFCB has opened formal investigations into seven clubs (AS Monaco FC, AS Roma, Beşiktaş JK, FC Internazionale Milano, FC Krasnodar, Liverpool FC and Sporting Clube de Portugal) as they disclosed a break-even deficit on the basis of their financial reporting periods ending in 2012 and 2013," read the statement posted on UEFA's official website.

"These clubs will need to submit additional monitoring information during October and November upon the deadlines set by the CFCB, subsequent to which an additional communication will be made and conservatory measures may be imposed."

Meanwhile, Reds boss Brendan Rodgers expressed confidence that the Merseyside outfit will pass any scrutiny with flying colours since the club is a "great advocate" of the mentioned regulation.

"It's obviously something that will be dealt with by the directors. It's something we're comfortable with because we're great advocates of financial fair play. It's ongoing with the club," said the Irish mentor.

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