Steven Gerrard admits he is "really interested" to see if action is taken against Manchester City which could see them stripped of their Premier League title in 2014.
City have been hit with a two-year suspension from European competition by governing body UEFA after being found guilty of Financial Fair Play rule breaches, a ruling the club are appealing at the Court of Arbitration for Sport.
Pep Guardiola's side could also lose their 2014 league title if a separate Premier League investigation found that they breached financial rules - which City deny - and deducted points retrospectively.
"I read that myself this morning," Rangers manager Gerrard, who was captain of Liverpool when they finished two points behind City in 2014, said after his side's win over Livingston.
"We will wait and see. From a UEFA point of view, it is obviously a real strong sentence or punishment. I'm sure they will appeal so we will wait and see what the outcome is on that."
Can they REALLY strip a club of an honour six years ago? Where will it end?
What about our Fairs Cup win in 1969? Benny Arentoft was actually cup tied in the competition when he played for Greenock Morton in Round One. We signed him and he played in the latter stages of the cup run, including the final against Ujpest Doza.
OH NO !!!!!!