Stefan Borson: Marinakis to pump money into Nottingham Forest after official paperwork filed

Nottingham Forest owner Evangelos Marinakis is expected to put more equity into the club over the coming years to deliver their plans for the future.

That is the view of finance expert Stefan Borson, who exclusively told Football Insider the Greek businessman is likely to continue issuing new shares to himself rather putting a load of debt into the club.

The Premier League side have faced financial challenges over the past couple of seasons after being handed a points deduction earlier this year for breaching the profit and sustainability rules (PSR).

Forest were believed to be close to breaching the rules again in 2023-24, but some last-ditch sales are expected to see them remain within the £105million limit over a three-year period.

Marinakis has made a series of moves to convert debt to equity in recent years, with a Companies House submission on 5 July revealing Forest currently have 12.2 billion shares in issue.

Nottingham Forest need funds after PSR troubles

Borson suggested that is a method the 56-year-old is going to need to continue using due to the club’s high operating losses.

He told Football Insider: “The interesting thing with Nottingham Forest is going to be the money that continues to be put in by the owner.

“He will do that largely by issuing new shares to himself rather than putting in a load of debt, particularly from a PSR perspective because you want to keep the interest cost as low as possible.

“Therefore, you would want to put that money in as equity.

“They are going to need to do that because Forest are a loss-making team, like so many of them are.

“They have probably got some quite big plans in the transfer market for the summer as usual.

“You can expect to see more equity being put into Forest as we go through the next few years, especially because they are looking to redevelop the City Ground and have got permission from the local council to do so.”

In other news, Nottingham Forest make approach to sign Arsenal star.

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The post Stefan Borson: Marinakis to pump money into Nottingham Forest after official paperwork filed appeared first on Football Insider.