Latest Nottingham Forest news from NottinghamshireLive as the club's latest accounts are published
The club’s latest accounts for the year ended June 30, 2023, have been published. And in the 44-page document, the Reds confirm a contingent liability “from player purchases and First Team management changes” currently totalling £45.8m, up from £3.8m in the previous annual report.
Forest announced record revenue of £155m, largely due to a huge increase in TV money to almost £125m from being in the Premier League. However, the club’s operating loss increased to £62m.READ MORE: Forest receive apology as Premier League make statement The annual report states Evangelos Marinakis is “committed to the long-term future of the club and its funding” as reference was also made to the club’s breach of the Premier League’s financial rules which has led to a four-point deduction, which Forest are appealing against.
“The Premier League have found Nottingham Forest to be in breach of the Profit & Sustainability rules on 15th January 2024 in relation to figures submitted for the three-year period ending June 2023,” it read. “The Football club are working closely with the Premier League to mutually agree a resolution to the proposed breaches which are currently ongoing.”
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