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

Vital View - Championship - 15th-16th December 2017

The Championship season continued with the latest round of games played over the weekend, 15th-16th December.

Stats: Bristol City v Nottingham Forest

All the stats from Bristol City (2) vs (1) Nottingham Forest, Ashton Gate, 16/12/17 Att: 20,128

Team Sheets - Bristol City v Nottingham Forest - 16-12-17

Nottingham Forest go to Ashton Gate as the visitors to Bristol City for the latest Championship game.

Bristol City v Forest; A Vital Match Preview

Mark Warburton's Nottingham Forest take on Lee Johnson`s Bristol City at Ashton Gate in this afternoon`s Championship fixture.

Nottingham Forest Archived Articles

Vital Forest articles from

Site Journalists

Kev Finnegan
no email
Profile
Our Kids Dad
Editor email
Profile

Current Poll (see more polls)

Bristol City MotM
Suggested By: Site Staff
Smith36%
Mancienne0%
Worrall0%
Mills16%
Lichaj8%
Bridcutt8%
Bouchalakis8%
Walker0%
Dowell8%
Carayol8%
Murphy0%
Sub - Osborn0%
Sub - Clough8%
Sub - Brereton0%
Vital Football Comment
Latest F1 News
Latest Vital Boxing News
Write for Vital Football

Recent Nottingham Forest Results (view all)

Nottingham Forest Fixtures (view all)

Vital Members League Table

RankNamePoints
1.Old Red Fart136
2.LyttleByLyttle111
3.Apollyon99
4.Ingy90
5.mao tse tung76
6.seasider red67
7.bgmineralman65
8.Calvin Plummer60
9.orbitalforest56
10.Joe Baker Legend53
The Vital Football Members League