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Liverpool, Chelsea Are Concerned Amid Billionaires’ Soccer Spree

Liverpool and Chelsea executives say they aren’t confident that European soccer’s governing body can administer new cost-control regulations amid lavish spending by clubs backed by wealthy owners.

UEFA is looking at teams across Europe as part of its so-called financial fair-play rules. From next season, clubs that breach the regulations face sanctions that the Nyon, Switzerland-based body says will include fines, transfer embargoes and even suspension from the elite Champions League.