Liverpool chairman Tom Werner says they are “strong advocates” of financial fair play rules with title rivals Manchester City facing a potential Champions League ban.
City are currently being investigated by UEFA, FIFA, the FA and the Premier League with a potential ban from European competition if found guilty.
Such action would send shockwaves around European football – but Werner says City need to be punished if found guilty of wrongdoing.
The American told the Liverpool Echo the importance of Financial Fair Play was a key factor in the decision of Fenway Sports Group to invest in the Anfield club back in 2010.
“One of the reasons why we were pleased to become involved with Liverpool was that we believed in the importance of Financial Fair Play rules,” Werner said.
“I don’t know very much about what’s going on with the investigations but all I can say is that we are strong advocates of the rules.
“We expect all the clubs in the league and all the clubs in Europe to comply. If they don’t comply then there should be punishments.”
The Reds have worked hard to optimise their commercial opportunities and boost revenues, whilst they have also reinvested money from the sale of Philippe Coutinho to fund Jurgen Klopp’s spending.
They spent wisely with Virgil van Dijk and Alisson Becker outstanding additions last summer, as well as Naby Keita, Fabinho and Xherdan Shaqiri.
Man City, meanwhile, have denied financial wrongdoing and are confident they will succcessfully clear their name against allegations.
Investigators started examining City in March after documents leaked by German newspaper Der Spiegel last year alleged the club misled Uefa over sponsors linked to owner Sheikh Mansour and inflated the value of its commercial income to help with FFP rules.