Former Everton CEO Keith Wyness has suggested that Nottingham Forest will have to sell two players as soon as possible to help cover an increasing amortisation debt.
Speaking on the latest episode of Football Insider’s Inside Track podcast, the 66-year-old, who was CEO at Goodison Park from 2004 to 2009 and now operates a football consultancy advising elite clubs, claimed that Forest’s outstanding transfer installments will be a “recurring problem”.
Forest filed its 2022-23 accounts with Companies House last Thursday (March 28), demonstrating a significant increase in revenue to £155 million but an overall operating deficit of £62 million.
Forest was charged with a breach of Profit and Sustainability Rules after incurring excessive losses over the previous three seasons, which the club has now disputed.
Forest’s reports also indicated that they still owe £41 million in transfer installments, a significant rise over the £7 million amortisation bill in their 2021/22 accounts.
According to Football Insider, Nottingham Forest could be forced to sell five of their best players this summer due to FFP obligations.
Nottingham Forest must address its £41 million transfer debt.
It follows a period of considerable investment by the club, which has signed over 30 players since its elevation to the Premier League.
Wyness told Football Insider’s Inside Track: “I believe Forest have challenges.
“Forest’s amortisation bill will be a reoccurring issue in the coming seasons.
“They purchased a large number of players, and many of their installments have been pushed back.
“It will be there for a long time, which will make it difficult for them to get into conforming numbers.
“The Brennan Johnson transfer for around £47.5 million will certainly help them but they may have to look at another sale or two.”
