The Historic Ground of Nottingham Forest: Safeguarding the Future
Methodical Steps Towards a Permanent Residence
Nottingham Forest, a legendary team with a long 125-year history at the City Ground, is reportedly close to reaching an agreement to stay at its famous venue, according to a recent report from The Athletic. This construction is a departure from previous plans to move to the city’s outskirts, which were opposed by both stakeholders and fans. According to reports, the talks with Nottingham City Council have proceeded, paving the way for a significant announcement that is anticipated in the next few days.
Economic Implications of the Deal
The economic aspects of this agreement are intriguing. The City Ground, owned by the council, has been under a lease that sees Forest paying £250,000 annually—a figure criticized by some as overly favourable. The council’s push for an increase to £850,000, potentially rising to £1 million, signifies a substantial shift that could significantly impact the club’s finances. As former council leader David Mellen put it, the current rate is akin to “mates’ rates,” suggesting a friendly deal due for a revision.
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