Financial figures offer little encouragement

Last updated : 11 April 2005 By Forest
Saturday's Football Post says that costs were 3 million more than turnover with loan repayments and interest, player purchaes and other additions contributing to the total deficit.

Chairman Nigel Doughty loaned the club 6.4 million and despite the sales of 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 3 million 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."