Nigel Doughty To Resign At End Of Season
Nigel Doughty has announced that he is to stand down as chairman of Nottingham Forest at the end of the coming season and bring to an end his 12 year association with the club.
The official statement from the club says. Part of the role of Chairman is to accept responsibility for what happens at the club. As such, Mr Doughty accepts responsibility for his personal decision to recruit Steve McClaren as our Manager in the close season. Given our very poor start to the season and Steve's resignation today Mr Doughty feels it is only right to do so.
In his 12 years at the club, Mr. Doughty has invested a reported £65m. Despite this, the club has failed in his stated aim and ambition, to achieve or retain Premiership status. Three of those 12 years saw the club languishing in League 1, but we looked to have turned the corner when Billy Davies took over in 2009. Davies was sacked earlier this summer following two successive Playoff defeats and was succeeded by Steve McClaren.
The club say they will begin the search for a new chairman immediately, but Mark Arthur will still maintain his role as CEO. The statement ends saying that Mr. Doughty will continue to support the club financially, through the implementation of Financial Fair Play rules, which are expected to be introduced in the Championship next season.