Nottingham Forest finances and accounts
Nottingham Forest turned over $294.9m in 2024/25 and paid $221.6m in staff costs, which is 75.2% of everything the club earned.
Revenue by season
What Nottingham Forest turned over in each year we hold accounts for.
Every measure, season by season
Costs are shown as the amount paid. A dash is a measure Nottingham Forest does not report on its own.
| MEASURE | 2024/25 | 2023/24 | 2022/23 | 2021/22 | 2020/21 | 2019/20 | 2018/19 | 2017/18 | 2016/17 | 2015/16 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $294,922,180$294.9m | $252,104,160$252.1m | $205,828,140$205.8m | $39,478,390$39.5m | $24,482,640$24.5m | $33,645,010$33.6m | $33,707,520$33.7m | $30,139,130$30.1m | $27,673,310$27.7m | $24,503,920$24.5m |
| Commercial | - | - | - | $2,560$3k | $27$27 | - | - | - | - | - |
| Staff costs | $221,645,830$221.6m | $221,310,670$221.3m | $192,732,960$192.7m | $77,891,450$77.9m | $49,470,680$49.5m | $50,702,260$50.7m | - | - | - | - |
| Salaries and salaries | $197,024,870$197m | $199,071,740$199.1m | $172,524,940$172.5m | $68,916,610$68.9m | $42,480,200$42.5m | $44,074,870$44.1m | - | - | - | - |
| Social security costs | - | - | - | - | $6,820,240$6.8m | $6,439,860$6.4m | - | - | - | - |
| Pension costs | - | - | - | - | $170,240$170k | $187,530$188k | - | - | - | - |
| Player amortisation | - | - | $54,218,780$54.2m | $9,722,300$9.7m | $6,784,330$6.8m | $7,928,130$7.9m | - | - | - | - |
| Other operating income | - | - | - | - | $1,762,250$1.8m | $520,030$520k | - | - | - | - |
| Cost of sales | $20,247,920$20.2m | $16,815,190$16.8m | $14,864,080$14.9m | $7,330,960$7.3m | $9,839,340$9.8m | $10,834,180$10.8m | $11,182,640$11.2m | $7,900,200$7.9m | $8,972,180$9m | $6,306,860$6.3m |
| Other operating costs | $361,027,170$361m | $332,718,120$332.7m | $270,176,200$270.2m | $97,999,720$98m | $62,197,450$62.2m | $65,735,250$65.7m | $68,334,070$68.3m | $49,269,850$49.3m | $49,252,560$49.3m | $49,804,510$49.8m |
| Other expenses | - | - | $0$0 | $26,600$27k | - | - | - | - | - | - |
| Profit on player sales | $9,332,610$9.3m | $133,706,230$133.7m | $3,476,620$3.5m | $5,431,720$5.4m | $19,048,260$19m | $14,966,490$15m | $14,042,140$14m | $13,370,490$13.4m | $19,558,980$19.6m | $5,697,720$5.7m |
| Operating result | -$86,352,910$86.4m | -$97,429,150$97.4m | -$79,212,140$79.2m | -$65,878,890$65.9m | -$45,791,900$45.8m | -$42,404,390$42.4m | -$45,809,190$45.8m | -$27,030,920$27m | -$30,551,430$30.6m | -$31,607,450$31.6m |
| Pre-tax result | -$104,964,930$105m | $16,091,670$16.1m | -$89,437,180$89.4m | -$61,468,610$61.5m | -$20,649,580$20.6m | -$21,209,510$21.2m | -$33,402,950$33.4m | -$7,442,680$7.4m | $42,693,000$42.7m | -$2,933,980$2.9m |
| Salaries to revenue | 75.2% | 87.8% | 93.6% | 197.3% | 202.1% | 150.7% | - | - | - | - |
What the payroll covers
Staff costs are the whole payroll and not just the first team: players, coaching staff, the academy and everyone working at the ground. Nottingham Forest paid $221.6m against $294.9m of revenue, so 75p of every pound went back out as pay.
Premier League revenue
The 15 clubs in the division whose accounts cover the same twelve months. Follow a club for its own finances.
Frequently asked questions
How much revenue do Nottingham Forest make?
Nottingham Forest turned over $294.9m in 2024/25.
What is the Nottingham Forest payroll?
Nottingham Forest paid $221.6m in staff costs in 2024/25, which is 75.2% of revenue.
Do Nottingham Forest make a profit?
Nottingham Forest made a pre-tax loss of $105m in 2024/25.
The accounts behind these figures
Company number 01630402. Every set of accounts read for this page.
- 2024/25 accounts
- 2023/24 accounts
- 2022/23 accounts
- 2021/22 accounts
- 2020/21 accounts
- 2019/20 accounts
- 2018/19 accounts
- 2017/18 accounts
- 2016/17 accounts
Contains public sector information licensed under the Open Government Licence v3.0.