STEVEN GERRARD will be ‘really interested’ to see if any action is taken against Manchester City that could see them stripped of their Premier League title in 2014.

Pep Guardiola’s side have been banned from competing in the Champions League for the next two seasons after breaching Financial Fair Play regulations.

That could lead to the Premier League coming down hard on City if they are found to have broken financial rules in England and retrospective points deductions could be applied.

Gerrard was captain of Liverpool when the Reds finished second to City six years ago as the Anfield icon missed out on clinching the top flight title.

And he will keep a close eye on how the situation unfolds as City appeal their European ban to CAS and await any potential action from the Premier League.

Gerrard said: “I read that myself this morning. We will wait and see.

“From a UEFA point of view, it is a real strong sentence or punishment. I’m sure they will appeal so we will wait and see what the outcome is on that.

“Then we will see whether the Premier League act from there. I will give you a comment once I know that the Premier League decide to do. But if you look at the severity of the punishment from UEFA, something has gone badly wrong.

“So I’m really interested to see the outcome of that. Until I get the punishment from the Premier League, I won’t comment. But I’m really, really interested in it… for obvious reasons.

“It’s all ifs and buts. It is what it is.

“Manchester City were champions. As I sit here right now, congratulations to them. They are champions.

“Until things develop, if they develop, it’s all ifs and buts. I’ve got nothing to say on the matter.

“All I say is I’m very interested because of the severity of what UEFA have put out there.

“That tells me that something has gone badly wrong. We will see how that progresses.”