UK time is: 22:12:44
Vital Login
Social Login

Choose your club

Other Sites

Network Navigation

Vital Partners

'If It's Football, It's Vital'

Forest - Losing Up To 5M Per Annum

The grim news in the clubs' accounts for last season is that for every year we are in League 1, it's costing the club 4M-5M a season. That's the money they are losing out on in not being in the Championship.

The figures show that Forest ran at a loss of 2.6M for the last financial year and if it wasn't for a good run in the FA Cup, the figures would have been a lot worse. The games against Charlton and Chelsea were thought to have netted the club over 500,000, including gate receipts and TV revenue.

Chairman Nigel Doughty once again bankrolled the club to the tune of 3M, in the form of loans.

Turnover was up by over 1m to 9.2M. The club has stated that players wages have been reduced more to reflect the league we are in and that almost 500,000 was received from West Ham due to a sell on clause in the transfer of Marlon Harewood to Aston Villa. Ta very much.

Although these are only a summary of the financial figures, they show that we need to get out of this division sooner rather than later. Losing 5M a year in anyone's language is unsustainable and without the cash from Nigel Doughty, the club would be dead. To see the figures from the club, Click Here

Why not have your say on this matter on the forum? If you want to join in, then sign up to Vital Forest today.




Use your social login to comment on front page articles. Login using you Facebook, Twitter, Google or LinkedIn accounts and have your say!



Click here to join in the debate on the club forum.

Join the Vital Fantasy Football League - its Free!

The Journalist

Writer: guinless Mail feedback, articles or suggestions

Date:Monday October 22 2007

Time: 7:24PM

 

Have Your Say

Log in...
with your social network     OR     with your Vital account

Recent Nottingham Forest Articles

Forest v Leeds Match Preview (Friday December 19 2014)

Forest v Leeds - How Will It Go? (Thursday December 18 2014)

Fox - Follow The Yellow Brick Beard (Thursday December 18 2014)

Pearce - Be More Assured Against Leeds (Thursday December 18 2014)

Lascelles Bailed!! (Thursday December 18 2014)

We Needed More (Thursday December 18 2014)

Former Forest Boss Keen On Rangers (Wednesday December 17 2014)

Forest Fan Wins Transfer Fund (Wednesday December 17 2014)

Archived Nottingham Forest Articles

List All Vital Forest Articles
Have your say
Click here to suggest an article
Click here to suggest a poll

Vital Members League (view all)

1. PVH 311
2. Jimmy Gordon 259
3. LyttleByLyttle 170
4. Calvin Plummer 149
5. Ingy 137
6. Brettwilliamslipcap 135
7. Our Kids Dad 132
8. toms 126
9. RedSmedDownUnder 123
10. Polly 433 103

League Results (view all)

Latest Results
Forest 1 - 1 Leeds Utd
Rotherham 0 - 0 Forest
Forest 1 - 1 Charlton
Birmingham 2 - 1 Forest
Wolves 0 - 3 Forest
Forest 2 - 1 Norwich

League Table (view table)

Team P W D L GD Pts
6. Watford 22 11 5 6 16 38
7. Norwich 22 9 7 6 11 34
8. Blackburn 22 9 7 6 3 34
9. Forest 22 7 10 5 5 31
10. Wolves 22 8 7 7 -7 31
11. Cardiff 22 8 6 8 -1 30
12. Charlton 22 6 12 4 -1 30

Breaking League News

Wolves 1 Brighton 1 (Report)
Brighton : 21/12/2014 20:42:00
Rams Held By Canaries
Derby County : 21/12/2014 20:36:00
Derby County : 21/12/2014 20:34:00
LUFC Sharp - I want to start every game
Leeds Utd : 21/12/2014 20:23:00
Gray - We Have To Be Better Than That
Sheff Wed : 21/12/2014 19:57:00

Current Site Poll (view all polls)

Leeds MotM
Suggested By:  Site Staff
Darlow 0%
Lichaj 0%
Wilson 0%
Fox 0%
Hunt 0%
Tesche 0%
Mancienne 0%
Lansbury 0%
Antonio 0%
Fryatt 0%
Blackstock 0%
Sub:-Assombalonga 0%
Sub:-Burke 0%
Sub:-Paterson 0%