Tucker Posted December 7, 2011 Share Posted December 7, 2011 http://www1.skysports.com/football/news/11688/7358062/ Nottingham Forest have announced total losses of £11.4million for the financial year ending May 31, 2011. The figure is actually less than the previous financial year, where the accounts showed losses of £12.3million. Turnover increased by three per cent to £15.2million, mainly due to higher 'solidarity payments' made by Premier League sides to Championship clubs. However, staff costs increased six per cent to £16.6million with wages representing 106% of total turnover. The City Ground outfit's losses are covered by outgoing chairman Nigel Doughty, who pumped in £11.4million last year. When FFP comes into action... Link to comment Share on other sites More sharing options...
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