Massive loss: Nottingham Forest's annual accounts show what the Championship is like for most clubs

3 March 2020

Photo: PA Images The operating loss was slightly offset by a profit on player sales of £10.6 million, meaning their pre-tax loss stood at £25.1 million for the year - up from a loss of £5.6 million.

The club's operating loss increased to £34.4 million last season due to rising wages and amortisation, Forest's just-released financial statements reveal.

Turnover was up slightly thanks to better sponsor deals, but not enough to offset rising expenses.

Forest are dependent on funding from their owners to stay solvent.

Samantha Gordon, the club's chief financial officer, has been terminated.

Emil Gjerding Nielson

Nottingham Forest's day-to-day operations resulted in a loss of £34.4 million last year due to investment in the playing squad, the club's just-released financial statements for the season have revealed.

Yet another indictment of England's financially unsustainable second division, their financial results show what life is like for most Championship clubs: loss upon loss and dependency on interest-free funding from club owners.

The board views remaining within the discipline of the EFL's Profitability and Sustainability rules to be a high priority

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