Liverpool have indicated that they could take legal action against Manchester City should they be found guilty of severe finance breaches.

Liverpool Among Four Clubs Targeting Compensation Over Man City ChargesReports that Liverpool, alongside Manchester United, Arsenal, and Tottenham, have initiated steps towards claiming compensation

Manchester City's rivals are preparing to sue for compensation over lost revenue if the Premier League champions are found guilty of breaching the division's financial rules

Liverpool and three other Premier League clubs have taken steps towards registering compensation claims if Man City are found guilty amid their 115 charges for breaching financial rules. The Reds, Man United, Arsenal and Tottenham have all “taken the step of formally registering possible compensation claims via arbitration,” reports the Times.

Man United, Liverpool, Arsenal & Spurs take legal action for compensation if Man City are guilty ► Subscribe to Sky Sports News: ► Watch Sky Sports: Teddy Draper is joined by The Times' Martyn Ziegler and The Sun's Dave Kidd to discuss the news that Manchester United,

Liverpool, Arsenal, Manchester United and Tottenham have all signalled their intent to pursue compensation if Manchester City is found guilty of serious financial breaches in its high-profile case aga