Nottingham Forest’s owner, Evangelos Marinakis, has once again affirmed his commitment to the club’s financial stability by converting £11 million in loans into shares for the 2022/23 fiscal year. This additional financial support from Marinakis not only eases the club’s financial burden but also underscores his unwavering dedication to the success of Nottingham Forest.
In a discussion with the club’s media, he told them that he’s aware the club is facing hard times now and needs support ahead of the January window.
“I will always do my best to support the Club when its in need.”
This action is part of the club’s financial procedures for the 2022–23 accounts, with the details of the arrangement officially submitted to Companies House. Notably, this marks the fourth consecutive year in which Evangelos Marinakis has chosen to convert club debt into equity.
In the preceding 2021/22 financial year, he converted £41 million of loans into shares, continuing a trend that saw a conversion of £12 million in 2020/21 and over £20 million in 2019/20. Marinakis’s consistent commitment through these debt-to-equity conversions reflects his ongoing efforts to strengthen Nottingham Forest’s financial foundation.
Leave a Reply