UEFA extends probe of Monaco accounts, closes Liverpool case

UEFA extends probe of Monaco accounts, closes Liverpool case
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Summary UEFA has ordered further probes into the accounts of Champions League contender Monaco

NYON, Switzerland: (AP) - UEFA has ordered further probes into the accounts of Champions League contender Monaco for possible overspending on player transfers and wages.

The ongoing case was announced Friday, two days after Monaco s 3-1 win at Arsenal made it a strong favorite to reach the Champions League quarterfinals and earn at least 40 million euros ($44.9 million) from UEFA this season.

UEFA said club finance panel also wants more scrutiny of Inter Milan, Roma and other clubs for potentially breaking Financial Fair Play rules.

However, the panel closed cases against five-time European champion Liverpool.

UEFA investigated the clubs  accounts on their return to European club competitions this season, which is the second year of sanctions being applied in the FFP project.

Manchester City and Paris-Saint-Germain were each fined 20 million euros ($22.5 million), deducted from their Champions League prize money, in the first round of penalties.

The champions of England and France are still under UEFA investigation and face further fines totaling 40 million euros ($44.9 million) for breaching spending limits imposed last May.

"Monitoring work is ongoing, including requests for additional information and audits, on all other previously opened investigations and settlement agreements which are still ongoing," UEFA said in a statement.

UEFA said four clubs Hapoel Tel-Aviv, Hull, Panathinaikos and Ruch Chorzow accepted paying 200,000 euros ($225,000) fines to settle probes of their excessive losses on football trading.

In new cases involving clubs whose financial accounting years ended in December, UEFA is investigating the accounts of Moscow clubs Dynamo and Lokomotiv.

Dynamo Moscow is among six clubs in the last 16 of the Europa League who are being monitored by UEFA. The others are: Besiktas, Inter, Roma, Wolfsburg and Zenit St. Petersburg.

UEFA introduced financial monitoring in 2011 to curb overspending on players.

The FFP project was a signature policy of UEFA President Michel Platini to stop so-called "financial doping" by wealthy owners and save clubs risking collapse.

Critics say it has protected traditional elite clubs with global fan and sponsor bases from being challenged by emerging clubs with wealthy new owners.

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