Football finance experts have warned that Liverpool could lose up to £120 million if they fail to qualify for the Champions League next season.
Following a disappointing defeat to Wolverhampton Wanderers on Tuesday the Reds are facing an uphill battle to secure a top five finish.
Captain Virgil van Dijk has already acknowledged that missing out on Europe's elite competition would have a massive impact on the club's summer transfer plans.
The loss of revenue could compromise their ability to sign primary targets like pacer wingers and defensive reinforcements.
