Nottingham Forest’s most recent records provide an update on the figures involved in Brennan Johnson’s transfer to Tottenham.
Last summer, the Reds transferred Johnson to Spurs for an estimated £47.5 million, with the club reportedly holding a 10% sell-on clause as part of the record transaction.
Forest’s most recent accounts show an agreement with a bank was signed last October to “bring forward the sales proceeds” of the Johnson transfer transaction, allowing the Reds to bank £28.2 million in future payment instalments from Tottenham and reimburse the bank over three years at an 8.2% interest rate.
“On 31 October 2023, the subsidiary Nottingham Forest Football Club Limited entered into a term facility agreement for £28.2m with an Independent UK based financial Institution to bring forward the sale proceeds from the sale of Brennan Johnson,” the company’s most recent annual report stated. “This facility is repayable over 3 years at a rate of interest of 8.2%.”
