This article examines Nottingham Forest's recent transfer performance, highlighting their shrewd spending and calculated approach. Despite initial criticism for their spending spree after promotion, Forest have demonstrated financial discipline and secured key players at reasonable prices.
Recent research has shed light on the shrewdness of Nottingham Forest 's transfer dealings over the past two windows. The winter transfer deadline passed on Monday with the Reds engaging in minimal activity. A considerable amount of the groundwork had been laid during the previous summer, ensuring the club entered January prepared for a relatively quiet month. Head coach Nuno Espirito Santo already possessed a formidable squad, and the majority of any surplus players had been offloaded.
Forest faced criticism from several pundits for their extensive spending spree following promotion to the Premier League in 2022. Their substantial recruitment drive that summer earned them the label of 'big-spending chaos merchants' by some. In fact, Liverpool manager Arne Slot irked Reds fans earlier this year when he took a swipe at the club's financial expenditures. 'If you look at the amount of money they have spent, it is not a complete surprise,' he remarked about Forest's impressive league position before their encounter at the City Ground in January. Nuno responded with the assertion: 'Money doesn’t play football, people do.’ Football finance expert Kieran Maguire has calculated that the Reds have a net spend of £16 million for the 2024/25 season. Below are the net spend figures for each Premier League club, as compiled by Maguire and shared on X.Premier League Net Spent 2024/25Aston Villa - -£35 millionEverton - -£27mFulham - -£20mNewcastle United - -£17mCrystal Palace - -£7mLiverpool - -£4mWolverhampton Wanderers - £7mChelsea - £7mNottingham Forest - £16mArsenal - £21mLeicester City - £34mBournemouth - £55mBrentford - £61mSouthampton - £67mWest Ham United - £81mManchester City - £84mTottenham Hotspur - £99mManchester United - £117mIpswich Town - £124mBrighton and Hove Albion - £190mThese findings emerge after Forest made only one addition to their senior squad during the winter transfer window. Young defender Tyler Bindon was signed from Reading for an undisclosed fee and was immediately loaned back to the Royals. Apart from academy prospects Aaron Donnelly and Fin Back, the club did not authorize any player sales.The club has prioritized careful and calculated business at the City Ground, and in the summer, the Reds invested wisely. Nikola Milenkovic, for example, joined from Fiorentina for a fee of £12 million, while fellow center-back Morato was recruited from Benfica for an initial £9 million. Elliot Anderson made a £35 million move from Newcastle United to join Nuno's team, but goalkeeper Odysseas Vlachodimos moved in the opposite direction for £20 million as part of the deal, effectively making the midfielder's cost £15 million. Vlachodimos wasn't the only player to generate considerable revenue last summer. Orel Mangala (£20 million) and Moussa Niakhate (£27 million) were both sold to Lyon. Forest signings 2024/25 (reported fees): Marko Stamenic - undisclosed; Eric da Silva Moreira - £1.25m; Elliot Anderson - £35m; Carlos Miguel - £3m; Nikola Milenkovic - £12m; Jota Silva - £6m; Ramon Sosa - £11m; David Carmo - £10m; Morato - £9m; Tyler Bindon - undisclosed.Forest sales 2024/25 (reported fees): Odysseas Vlachodimos - £20m; Brandon Aguilera - undisclosed; Orel Mangala - £20m; Moussa Niakhate - £27m; Joe Worrall - £5m; Alex Mighten - undisclosed; Hwang Ui-jo - undisclosed
Nottingham Forest Transfer Market Premier League Finance Nuno Espirito Santo Kieran Maguire Football Transfers
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