Nottingham Forest fans have expressed their appreciation towards owner Evangelos Marinakis over the news that the Greek businessman has converted £41 million worth of loans into shares.
Converting the loans into equity has been described as "further significant financial commitment" to the club which he took over as owner in 2017. The news comes a year after it was announced Marinakis had converted £12m worth of loans into shares in addition to the announcements of £20.8m in 2021, £14.7m in 2019 and £4.9m in 2018.
A statement from Forest said: “Nottingham Forest owner Evangelos Marinakis has made a further significant financial commitment to the club with the conversion of £41m worth of loans into shares in the 2021/22 financial year. Converting the £41m debt into equity helps relieve the financial burden on the club, reaffirming Marinakis’ commitment to the continued development and future success of Nottingham Forest."
