Nottingham Forest finances and accounts
Nottingham Forest turned over £222m in 2024/25 and paid £167m 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 | £221,746,000£221.7m | £189,552,000£189.6m | £154,758,000£154.8m | £29,683,000£29.7m | £18,408,000£18.4m | £25,297,000£25.3m | £25,344,000£25.3m | £22,661,000£22.7m | £20,807,000£20.8m | £18,424,000£18.4m |
| Commercial | - | - | - | £1,925£2k | £20£20 | - | - | - | - | - |
| Staff costs | £166,651,000£166.7m | £166,399,000£166.4m | £144,912,000£144.9m | £58,565,000£58.6m | £37,196,000£37.2m | £38,122,000£38.1m | - | - | - | - |
| Wages and salaries | £148,139,000£148.1m | £149,678,000£149.7m | £129,718,000£129.7m | £51,817,000£51.8m | £31,940,000£31.9m | £33,139,000£33.1m | - | - | - | - |
| Social security costs | - | - | - | - | £5,128,000£5.1m | £4,842,000£4.8m | - | - | - | - |
| Pension costs | - | - | - | - | £128,000£128k | £141,000£141k | - | - | - | - |
| Player amortisation | - | - | £40,766,000£40.8m | £7,310,000£7.3m | £5,101,000£5.1m | £5,961,000£6.0m | - | - | - | - |
| Other operating income | - | - | - | - | £1,325,000£1.3m | £391,000£391k | - | - | - | - |
| Cost of sales | £15,224,000£15.2m | £12,643,000£12.6m | £11,176,000£11.2m | £5,512,000£5.5m | £7,398,000£7.4m | £8,146,000£8.1m | £8,408,000£8.4m | £5,940,000£5.9m | £6,746,000£6.7m | £4,742,000£4.7m |
| Other operating costs | £271,449,000£271.4m | £250,164,000£250.2m | £203,140,000£203.1m | £73,684,000£73.7m | £46,765,000£46.8m | £49,425,000£49.4m | £51,379,000£51.4m | £37,045,000£37.0m | £37,032,000£37.0m | £37,447,000£37.4m |
| Other expenses | - | - | £0£0 | £20,000£20k | - | - | - | - | - | - |
| Profit on player sales | £7,017,000£7.0m | £100,531,000£100.5m | £2,614,000£2.6m | £4,084,000£4.1m | £14,322,000£14.3m | £11,253,000£11.3m | £10,558,000£10.6m | £10,053,000£10.1m | £14,706,000£14.7m | £4,284,000£4.3m |
| Operating result | -£64,927,000£64.9m | -£73,255,000£73.3m | -£59,558,000£59.6m | -£49,533,000£49.5m | -£34,430,000£34.4m | -£31,883,000£31.9m | -£34,443,000£34.4m | -£20,324,000£20.3m | -£22,971,000£23.0m | -£23,765,000£23.8m |
| Pre-tax result | -£78,921,000£78.9m | £12,099,000£12.1m | -£67,246,000£67.2m | -£46,217,000£46.2m | -£15,526,000£15.5m | -£15,947,000£15.9m | -£25,115,000£25.1m | -£5,596,000£5.6m | £32,100,000£32.1m | -£2,206,000£2.2m |
| Wages to revenue | 75.2% | 87.8% | 93.6% | 197.3% | 202.1% | 150.7% | - | - | - | - |
What the wage bill 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 £167m against £222m 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 £222m in 2024/25.
What is the Nottingham Forest wage bill?
Nottingham Forest paid £167m 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 £79m 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.