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Liverpool FC are "very relaxed" about reports suggesting they may have almost £7million of Champions League prize money withheld due to breaches of UEFA Financial Fair Play regulations.

The Reds are due to receive the windfall next month, after qualifying for Europe's premier competition for the first time in five years - but some sources claim the money may not be paid out if Liverpool are referred to UEFA's Club Financial Control Body.

In order to meet Financial Fair Play regulations clubs must not lose more than £35.4m over a period of two seasons.

Manchester City and Paris St Germain both exceeded that figure and suffered significant penalties.

Liverpool's losses for the 2012-13 financial year were £49.8m, plus £41m losses for the 10-month period through to May 2012.

Liverpool FC losses

However clubs can use investment in youth development and investment in club infrastructure to offset those figures - and the Reds believe they would have a strong case to present to UEFA should they be investigated.

Clubs can also use projected revenues when arguing their case and Liverpool figures for the current year are expected to be very healthy.

Last season 76 clubs were deemed to be "at risk" of sanctions by UEFA, but in the event only nine were punished. If investigated, Liverpool would have their £6.8m prize money withheld until their case is examined, but the money would subsequently be paid out if they could make a convincing case to UEFA.

There was no official comment from Liverpool, who are aware of the reports.