Latest Nottingham Forest news from NottinghamshireLive as the club’s latest accounts are published on Companies House
Nottingham Forest’s latest accounts have been revealed.
The Reds have released their 2022–2023 financial statements on Companies House, covering the period ending June 30, 2023. The club’s revenue increased to £155 million, according to a 44-page document, primarily as a result of a significant boost in TV revenue to about £125 million from its Premier League status.
After paying £147 million in salary for new hires, Forest made £170 million from player sales. Operating losses for the club went from £51 million to £62 million.
Evangelos Marinakis is “committed to the long-term future of the club and its funding,” according to the annual report. However, it also mentions the team’s violation of Premier League financial regulations, which resulted in a four-point deduction that Forest is contesting.
The statement said, “On January 15, 2024, the Premier League determined that Nottingham Forest had violated the Profit & Sustainability regulations with regard to the financial information provided for the three-year period ending in June 2023.” “The Premier League and the Football Club are collaborating closely to reach a mutually agreeable resolution to the ongoing proposed breaches.”
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