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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

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

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# Team P W D L Pts. GD
1 Aston Villa 0 0 0 0 0 0
2 Barnsley 0 0 0 0 0 0
3 Birmingham 0 0 0 0 0 0
4 Blackburn 0 0 0 0 0 0
5 Brentford 0 0 0 0 0 0
6 Brighton 0 0 0 0 0 0
7 Bristol City 0 0 0 0 0 0
8 Burton 0 0 0 0 0 0
9 Cardiff 0 0 0 0 0 0
10 Derby County 0 0 0 0 0 0
11 Fulham 0 0 0 0 0 0
12 Huddersfield 0 0 0 0 0 0
13 Ipswich 0 0 0 0 0 0
14 Leeds Utd 0 0 0 0 0 0
15 Newcastle 0 0 0 0 0 0
16 Norwich 0 0 0 0 0 0
17 Forest 0 0 0 0 0 0
18 Preston 0 0 0 0 0 0
19 Q.P.R. 0 0 0 0 0 0
20 Reading 0 0 0 0 0 0
21 Rotherham 0 0 0 0 0 0
22 Sheff Wed 0 0 0 0 0 0
23 Wigan 0 0 0 0 0 0
24 Wolves 0 0 0 0 0 0
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