NESV is believed to have been concerned by the millions of pounds haemorrhaged on transfer fees and wages by the club in recent years as it examined Liverpool's finances as part of the due diligence process carried out before the £300 million purchase of the Anfield side was completed.
Under Rafael Benítez, Liverpool spent more than £230 million in six years on fees alone – though much of that was recouped in sales – while the purchases of the likes of Raul Meireles, Christian Poulsen, Brad Jones and Paul Konchesky totalled £25 million in Hodgson's first summer at the club.
