Nottingham Forest submit 2021 accounts for 13 months to 30 June 2021. Revenue down £7m due to covid. Day to day losses were £34m, player sales reduced this by £14m. 
Forest’s total losses now exceed £200 million
Forest borrowed nearly £15m in 2021 to fund operational losses.
COVID hit Matchday income most severely for Forest as it did for all clubs. Furlough claim was just over £1m for the year.
Wage bill slightly down but still £202 for every £100 of income. Average weekly wage £16,000.player amortisation down 20%
Highest paid director earned just over £300k
Forest signed players for £3.8m and had sales of just under £15m
Forest are owed £10m in transfer fee instalments on player sales and owe other clubs £6m. Club has loans of £18m. Owner wrote off some debt by converting into shares.
Forest estimate covid impact of £28m hit on club finances. May have to pay £6m in transfer add-ons in the future.
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