Latest Nottingham Forest news as Reds face big summer transfer window after FFP breach
Nottingham Forest’s transfer business has come under the spotlight amid their points deduction for breaching financial regulations.
The independent commission’s written reasons for the points deduction explained that the Reds made a loss of £40m in financial year 2022 and a loss of £52m in 2023 by £34,536,000, which Forest has now admitted in full.” Football finance expert Kieran Maguire told NottinghamshireLive: “If we take a look at the report, it said they lost £40m in 2022 and £52m in 2023. Add those two together and it means they are already above the limit before we take into account what happens in 23/24.”
“If we assume the losses of £12-17m includes the Brennan Johnson sale, it would appear that a sale of another player before June 30, given that the commission rejected sales after June 30 in respect of Johnson, is needed. It would appear they are going to have to sell somebody before the end of the financial year.
What would happen if the Reds go down? Relegation often prompts other clubs to come sniffing anyway. And as Forest’s near-neighbours Leicester City are finding, going down brings a whole new set of problems in terms of sticking to the rules.
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