Nottingham Forest Clears £82M Debt, Avoids Points Deduction

Added at:
another languages: uk ru

Nottingham Forest crest

Nottingham Forest has taken a significant step toward financial stability after Greek owner Evangelos Marinakis wrote off £82 million in debt. According to The Athletic, Marinakis converted the debt into equity, ensuring the club remains free from immediate financial obligations.

2024-25 Premier League Standings

This is not the first time Marinakis has personally intervened to stabilize Forest’s finances. Over recent years, he has repeatedly converted loans into equity, but the latest £82 million conversion marks his largest financial contribution to date. The move ensures that Forest stays within the Premier League's debt limits and avoids potential penalties, such as a points deduction, which had been looming over the club.

Previously, Marinakis executed similar debt-to-equity conversions for amounts of £41 million, £12 million, £20 million, and £11 million. Even in the Premier League, renowned for its vast financial resources, such substantial personal investments stand out.

Forest fans can now breathe a sigh of relief as their club not only avoids punitive measures but also secures a more sustainable financial future under Marinakis’s stewardship.

another languages: uk ru

NewsRSS - News - Terrikon

18 September

17:38
First Pre-Medical Training Sessions for Energy Workers Conducted: Project Supported by Andrii Matiukha Foundation
10:03
José Mourinho Set to Take Charge of Benfica
08:15
Swansea Spoil Oleksandr Zinchenko’s Debut for Nottingham Forest
00:49
Bayern Munich dismantle Club World Champions Chelsea
00:45
Liverpool edge five-goal thriller against Atlético
00:14
Inter cruise past Ajax in Amsterdam with set-piece precision
00:11
PSG dismantle Atalanta in dominant Champions League opener

17 September

23:13
Slavia Prague and Bodø/Glimt play out thrilling 2-2 draw
15:32
Trent Alexander-Arnold ruled out until November
10:54
Barcelona Postpones Camp Nou Return Yet Again
10:28
UAF Denies Any Involvement in Mykhailo Mudryk Case
09:50
Benfica Sack Bruno Lage After Shocking Defeat to Qarabag
00:50
Tottenham edge Villarreal in drab Champions League opener thanks to own goal
00:33
Juventus and Borussia Dortmund Share Eight-Goal Second-Half Spectacle
00:31
Shock of the day: Sudakov shines, but Kashchuk fires Qarabag to famous win over Benfica

16 September

22:56
Two subs, two goals: Arsenal off to winning start in Bilbao
22:24
Historic Champions League Debut: Union Saint-Gilloise Stun PSV
15:47
Official: Borussia Mönchengladbach Sack Head Coach
14:56
Project Re:start: VR Rehabilitation Spaces Already Operating in 5 Ukrainian Cities
10:28
Oleksandr Usyk Loses No.1 Pound-for-Pound Spot in The Ring Rankings
10:19
UEFA Officially Recognises Slovakia as Co-Winner of Euro 1976
09:33
Portugal Legends Dominate World Legends in Charity Showdown
09:25
Champions League Group Stage Kicks Off Today

15 September

16:35
Al-Nassr Plot Record-Breaking Move for Phil Foden
12:12
Raphinha and Robert Lewandowski Make La Liga History