Nottingham Forest Clears £82M Debt, Avoids Points Deduction
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.
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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.
