The Reds feature in UEFA's latest European Club Finance and Investment Landscape report
15:08, 26 Feb 2026
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A general view outside the City Ground
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A general view outside the City Ground
Nottingham Forest suffered pre-tax losses of €94m in 2025, according to a new UEFA financial report.
The Reds feature in the European football governing body’s latest European Club Finance and Investment Landscape report, published on Thursday.
In it, Forest are said to have suffered the sixth highest financial losses in European football, behind Chelsea, Lyon, Tottenham, Marseille and Aston Villa.
UEFA estimates wages at the City Ground to have dropped to €192m, down from €194m, which is the 19th highest wage bill among European clubs.
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Forest are also described in the report as one of the “most upwardly mobile clubs” regarding increases in revenue.
Forest also reported a large increase in TV revenue of €167m, up from €132m.
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