Football finance expert says Nottingham Forest's latest financial move is a "positive" for the club after owner Evangelos Marinakis converted £12m worth of loans into shares.
The Reds' Companies House records were this week updated to show the latest equity changes in what was another show of commitment by Greek businessman Marinakis.
It is not the first time Marinakis has made such a move having made a similar gesture last year and it means the loans do not have to be repaid.
And speaking on his Price of Football podcast, Maguire explained why it is of benefit to the Reds.
"They've now got over seven billion shares which is astounding," he said.
"We are talking about a small football club. Then you find out they were issued for a penny each.
"While they issued more than a billion, in terms of the total value it worked out as £12m.
"It is not fresh cash but instead of that, what has happened is the owners have converted £12m of loans into shares.
"That, to me, is a positive because whatever happens as far as the future of the club is concerned that £12m doesn't have to be repaid to the owners.
"The nature of shares is they have an infinite life and there is never an obligation to repay them."
