Latest Nottingham Forest news from NottinghamshireLive as the club's latest accounts are published on Companies House
Nottingham Forest’s latest accounts reveal an update on the figures involved in Brennan Johnson’s transfer to Tottenham.
The Reds sold Johnson to Spurs last summer for a fee believed to be £47.5m, with the club said to hold a 10 per cent sell-on clause as part of the record deal. Forest’s latest accounts show an agreement with a bank was reached last October to “bring forward the sales proceeds” of the Johnson transfer deal, allowing the Reds to bank £28.2m worth of future payment instalments from Tottenham and repay the bank over three years at an interest rate of 8.2%.
READ MORE: Forest's latest accounts reveal true scale of spending on players as FFP breach addressed“On 31 October 2023, the subsidiary Nottingham Forest Football Club Limited entered into a term facility agreement for £28.2m with an Independent UK based financial Institution to bring forward the sale proceeds from the sale of Brennan Johnson,” Forest’s annual report said. “This facility is repayable over 3 years at a rate of interest of 8.2%.
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