Vital Football

Latest Nottingham Forest News

Forest - Losing Up To £5M Per Annum

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.



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

Join the Vital Fantasy Football League - its Free!

Writer:guinless
Date:Monday October 22 2007
Time: 7:24PM

Login to post a comment

Recent Nottingham Forest Articles

EFL Approve Nottingham Forest Takeover

The Football League have this afternoon approved Evangelos Marinakis' takeover of Nottingham Forest.

FA Boosts Cheating Powers for 2017/18

The Football Association announced earlier today that they have extended their powers when it comes to punishing retrospective simulation.

Vellios Takes 2016/17 Goal Of The Year

Nottingham Forest supporters have this week voted Apostolos Vellios as the winner of the Goal of the Season award for the year of 2016/17.

Pinillos To Be Released

Manager Mark Warburton has confirmed that Spanish defender Dani Pinillos will be released by Nottingham Forest this summer.

Archived Vital Forest Articles

Vital Forest articles from

Site Journalists

Kev Finnegan
no email
Profile
Our Kids Dad
Editor email
Profile

Current Poll (see more polls)

Ipswich MotM
Suggested By:
Smith17%
Mancienne3%
Worrall1%
Mills0%
Lichaj1%
Vaughan3%
Ward50%
Cohen3%
Osborn2%
Carayol0%
Assombalonga20%
Sub-Clough0%
Sub-Brereton0%
Sub-Cash0%

League Table

# Team P W D L Pts. GD
C Newcastle 46 29 7 10 94 45
P Brighton 46 28 9 9 93 34
3 Reading 46 26 7 13 85 4
4 Sheff Wed 46 24 9 13 81 15
5 Huddersfield 46 25 6 15 81 -2
6 Fulham 46 22 14 10 80 28
7 Leeds Utd 46 22 9 15 75 14
8 Norwich 46 20 10 16 70 16
9 Derby County 46 18 13 15 67 4
10 Brentford 46 18 10 18 64 10
11 Preston 46 16 14 16 62 1
12 Cardiff 46 17 11 18 62 -1
13 Aston Villa 46 16 14 16 62 -1
14 Barnsley 46 15 13 18 58 -3
15 Wolves 46 16 10 20 58 -4
16 Ipswich 46 13 16 17 55 -10
17 Bristol City 46 15 9 22 54 -6
18 Q.P.R. 46 15 8 23 53 -14
19 Birmingham 46 13 14 19 53 -19
20 Burton 46 13 13 20 52 -14
21 Forest 46 14 9 23 51 -10
R Blackburn 46 12 15 19 51 -12
R Wigan 46 10 12 24 42 -17
R Rotherham 46 5 8 33 23 -58
The Vital Football Members League
Latest F1 News
Latest Vital Boxing News
Vital Football Comment

Recent Nottingham Forest Results (view all)

Nottingham Forest Fixtures (view all)

Vital Members League Table

RankNamePoints
1.Apollyon366
2.Pope John XXIII248
3.mao tse tung213
4.da fuq148
5.orbitalforest143
6.Calvin Plummer136
7.the jock130
8.AdebolaCornflakes125
9.LyttleByLyttle100
10.MarvinsPA96
Write for Vital Football