'Nasty spiral' - Wyness worries Nottingham Forest will make transfer cuts due to Marinakis plans
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Nottingham Forest could ‘sacrifice’ new signings to push ahead with City Ground expansion plans Tue 24 March 2026 19:00, UK Nottingham Forest’s decision to expand the City Ground could mean the club has less money to spend on the pitch.That is according to ex-Everton, Aston Villa, and Aberdeen chief executive Keith Wyness, speaking exclusively to Football Insider, who thinks owner Evangelos Marinakis is thinking “long-term” about the club. Nottingham Forest’s City Ground stadium currently holds just over 30,000 fans, with plans to expand that figure to over 52,000.The project could cost the club over £130million to complete, with initial work set to begin this summer, whilst the main reconstruction of the Peter Taylor Stand is scheduled to commence in 2027.Nottingham Forest’s finances to fund the project could be impacted if the club suffer relegation from the Premier League this season, with the Tricky Trees just three points above the drop zone. 💰 Nottingham Forest Finance Update 💰 Inside the transfer budget, player wages, Evangelos Marinakis’ investment, and PSR developments at the City Ground.
VISIT THE FOREST FINANCE HUB MORE FOOTBALL INSIDER STORIES Nottingham Forest warned of ‘nasty spiral’ amid City Ground redevelopmentEverton’s former chief Keith Wyness – who served as CEO at Goodison Park between 2004 and 2009 and now runs a football consultancy advising elite clubs – believes Marinakis will be investing his own money to fund the project.Speaking on the new edition of Football Insider‘s Inside Track podcast, Wyness thinks clubs always face “jeopardy” when committing to such developments.Project Turnover (2024-25)£220m+Player Sale Profit (2023-24)£101mCommercial Revenue (2023-24)£30mPre-tax Profit (2023-24)£12.1mFigures based on 2023/24 official accounts, UEFA financial reports, and 2024/25 Premier League revenue projections.He told Football Insider‘s Inside Track podcast: “Now, what are we going to see with West Ham and Spurs if either of those were to go down or if Forest was to go down? Marinakis, as we know, is a fighter.
He’s thinking long-term for Forest and he’s going to invest a lot of his own money in this new development. All these clubs are in big jeopardy, and it is the jeopardy that we’re facing right now.” Nottingham Forest at disadvantage compared to rivalsFormer Manchester City financial advisor Stefan Borson told Football Insider that Nottingham Forest could face an issue selling out the City Ground.A bigger ground means the club would be relying more on local fans to turn up to every game, as they do not have the same attraction as Premier League rivals for tourists.Results on the pitch will have a significant impact as to whether fans turn out for every game, with the club having struggled on the pitch this season fighting against Premier League relegation.