Liverpool stand to miss out on up to £100m if they fail to qualify for next season’s Champions League, prompting fears over their ability to strengthen Jurgen Klopp’s squad in the summer.
Last season’s finalists face a steep uphill battle to remain in this year’s competition after losing the first leg of their round of 16 tie at home to Real Madrid 5-2.
And with a nine-point gap to fourth place, albeit with the first of two games in hand against Wolves this evening, the Anfield club are facing the growing prospect of Europa League football next season. That would mean their potential earnings from European competition would fall by almost three quarters.