Nottingham Forest reveal deficit

The Championship club has announced a deficit of approximately £7.5m for last season, whereby costs were £3m more than turnover with loan repayments and interest, player purchases and other additions contributing to the total deficit. Chairman Nigel Doughty loaned the club £6.4m and despite the sales of players Andy Reid and Michael Dawson this season a further loan is likely to be needed. Finance director John Pelling confirmed: "After the bank have taken their 25% of player sales to reduce the debt, the club will still need more than £3m of cash support from the chairman to fund the trading loss, plus interest and the purchases of Scott Dobie, David Friio, Jack Lester and Adam Nowland."