Nottingham Forest has reported a record club loss of £71.1 million for the 2024-25 financial year, despite revenue surpassing the £200 million mark for the first time. The financial results highlight a turbulent period where the club achieved an impressive seventh-place finish in the Premier League but faced significant underlying financial strain. While the club avoided a domestic Profit and Sustainability Rules (PSR) breach this cycle due to their increased loss allowance, compliance with UEFA’s financial regulations—following their Europa League qualification—remains highly uncertain.
The accounts also shed light on the brief and costly tenure of Ange Postecoglou. Financial disclosures suggest the club paid approximately £2.9 million to terminate his contract after just 39 days in charge. With over £200 million spent on new signings between July and December 2025, and a reliance on owner Evangelos Marinakis for continued funding, the club may be forced into another high-profile player sale this summer to balance the books.