OR Nottingham Forest is having a magical year this year in Premier Leagueas after 19 matches it is in 3rd place with 37 points and is chasing with serious claims its entry into the Champions League of the new season.
In this important struggle given by Nottinghamthe owner of the team also has a big contribution Vangelis Marinakis. According to a publication of “Athletic”, the strong man of the club made a great move, significantly reducing the team’s debt.
THE Vangelis Marinakis wrote off loans amounting to 99 million euros and converted them into equity capital.
“Athletic” article in detail:
“Nottingham owner Vangelis Marinakis has reduced the club’s debt by converting a further £82m of loans into equity.
The Nottingham Forest owner has done this on a regular basis in recent years, but this is the biggest amount of money he has written off so far in terms of loans.
In March 2023, Marinakis converted £41m of loans into equity in the same way as two years earlier he had converted £12m and £20m”
Nottingham Forest owner Evangelos Marinakis has reduced the club’s debt by converting another £82 million of loans into share capital.
The #NFFC owner has done this on a regular basis in recent years, but this is the biggest amount of money he has written off loans so far.
In… pic.twitter.com/5kuuaiOfZ8
— The Athletic | Football (@TheAthleticFC) January 2, 2025
Source: Sport Fm
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