Liverpool and Manchester United would be banned from the Champions League if Michel Platini's "Financial Fair Play" criteria for European club competitions was introduced, according to senior sources within Uefa. Manchester City and Chelsea would also be at risk, despite their owners having paid off their debts recently.

Yes, Liverpool and Man U would not be the only large European clubs to be banned - many have er... how shall we say... 'irregular' finances

Here is a nice summary of the proposals from the Independent newspaper:


Proposals being considered by the Uefa president Michel Platini:

* Clubs should live within their means and spend the income they have.

* This may mean wages being linked to an audited percentage of turnovers.

* There should be greater financial transparency from clubs.

* The transfer of players under the age of 16 from overseas should be banned. Clubs should draw from their local areas.

* The transfer system should be examined. As with European and cup competitions, players should not feature for different clubs within the same season.