Nottingham Forest posted an operating loss of almost £50 million, reduced to a loss before tax of £45m, in their latest set of accounts
The figures for the year ending June 2022 show the Reds posted an operating loss of £49.5m, which was reduced to a loss before tax of £45.6m after interest, profit on disposal of players and a historical loan write-off. That compares to a loss of £34.4m, reduced to a loss before tax of £15.5m the previous year, ending June 2021.
The just-released set of accounts incorporate a full season of fans being back in stadiums following the coronavirus pandemic, as well as a campaign which saw Forest secure promotion to the Premier League. Those factors helped turnover increase from £18.4m in 2021 to £29.7m. The club point to the “on field success, together with the return of matchday revenues more akin to a ‘normal’ season” as allowing them to “begin to recover” from the effects of the pandemic.
