top of page

finances, revenues, transfers and salaries Nottingham Forest

Find a wealth of information on Nottingham Forest finances, transfers and player salaries. We offer you detailed insights into the club's financial situation, including revenue from merchandising, sponsorship and ticket sales, as well as spending on player transfers, salaries and infrastructure. Our website is updated regularly to ensure you are always aware of the latest developments.


Nottingham Forest Football Club is a football club from West Bridgford, Nottinghamshire, England. The club was founded in 1865 and has played at the City Ground on the banks of the River Trent since 1898. Forest are one of four English clubs to have won the European Cup/UEFA Champions League more than once and one of two English clubs to have won the competition back-to-back. Forest have two stars above their club crest to celebrate their two European Cup victories.

The club plays in the Premier League, the top division of the English football league system.
Nottingham Forest have won two European Cups, a UEFA Super Cup, a League, two FA Cups, four League Cups and an FA Charity Shield. The club have always played in the top two divisions of English football since being admitted to the Football League, save for five seasons in the third tier. His most successful period was under the stewardship of Brian Clough and Peter Taylor in the late 1970s and early 1980s, which included back-to-back European victories in 1979 and 1980.

The club's main rivalry is with Derby County, with whom they host the East Midlands Derby. The two clubs have played each other a total of 109 times, with Forest having the most wins (43), longest winning streak (5) and longest unbeaten streak (10) spanning from 11 March 2018 to the present day .


  • Name: Nottingham Forest Football Club

  • Headquarters: Nottingham, England

  • Foundation: 1865

  • Colours: red and white

  • Website:

  • Venue: City Ground

  • Places: 30,332

Nottingham Forest's revenues and full-year results for the financial years 2015/16 to 2020/21

In the 2020/21 season, the club recorded a revenue of €20.79 million and a loss of €16.95 million. In 2019/20, revenue was higher at €28.59m, but Nottingham made a loss here too (€17.97m). The year 2018/19 was the most successful year with a revenue of 28.59 million euros and an annual surplus of 28.36 million euros.

Revenues and annual results of Nottingham Forrest in the financial years 2015/16 to 2020/21 in million euros:


  • Financial year: 2020/21, revenue: 20.79, annual result: -16.95

  • Financial year: 2019/20, revenue: 28.59, annual result: -17.97

  • Financial year: 2018/19, revenue: 28.59, annual result: 28.36

  • Financial year: 2017/18, revenue: 25.65, annual result: -6.33

  • Financial year: 2016/17, revenue: 23.50, annual result: 36.27

  • Financial year: 2015/16, revenue: 20.79, annual result: -2.49

Transfer spending in the 2022/23 season

Nottingham Forest spent around €175m on transfers in the 2022/23 season, which is more than the entire Dutch Eredivisie spending budget in the same transfer period.

Under the leadership of coach Steve Cooper, a total of 16 newcomers were signed that cost a fee, including the most expensive player Morgan Gibbs-White, for whom 29.50 million euros was paid as a fixed fee.
The team that rose through the Championship playoffs in May has been completely rebuilt. Although promotion teams have often been rebuilt in the past, so much money has rarely been spent as this time. Forest's spending exceeds that of the other two promoted Fulham and Bournemouth combined. Only the FC  Chelsea spent more money.

The question is how Nottingham Forest were able to spend so much in an era of Financial Fair Play (FFP) while clubs like Everton and Newcastle United were forced to rein in their spending this summer. The investment was approved by the club's majority owner, Evangelos Marinakis. Although the club's revenue will increase significantly from Premier League earnings, the money spent on signings alone has already eaten up the estimated 2022/23 television revenue.
Forest sees this as necessary to survive in the Premier League in the long term. Promotion to the Premier League was estimated at around 185 million euros. If you stay in the Premier League for a season, this increases to 370 million euros.

Player commitments in the 2022/23 season in million euros:


  • Morgan Gibbs-White: 29.50

  • Taiwo Awoniyi: 20.50

  • Danielo: 20.00

  • Neco Williams: 20.00

  • Emmanuel Dennis: 14:80

  • Lewis O'Brien: 9.40

  • Remo Freuler: 9.00

  • Omar Richards: 8.50

  • Renan Lodi: 5.00

  • Ui-jo Hwang: 4.00

  • Willy Boly: 2.60

  • Harry Toffolo: 2.40

  • Felipe: 2.30

  • Josh Bowler: 2.30

  • Brandon Aguilera: 0.95

bottom of page