(Credit: Manh Tung, Breaking Media)
Sun 26 April 2026 16:57, UK
Nottingham Forest should be clear with their fan base as to whether the club have complied with UEFA’s multi-club rules.
That is according to ex-Everton, Aston Villa, and Aberdeen chief executive Keith Wyness, speaking to Football Insider, after owner Evangelos Marinakis stepped down as a person of significant control at Nottingham Forest.
Marinakis is also the owner and chairman of Greek side Olympiacos, who could qualify for the Champions League alongside Nottingham Forest this season.
The move though comes after UEFA’s deadline of March 1st for clubs to comply with multi-club rules, with Nottingham Forest having benefited from Crystal Palace being kicked out of the Europa League last year.
Champions League football for Nottingham Forest would significantly boost revenue, although they will need to win the Europa League for that to become reality.
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Nottingham Forest could be placed in ‘difficult position’ with UEFA
Everton’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 – is unsure whether Nottingham Forest have complied with UEFA’s rules.
Speaking on the new edition of Football Insider‘s Inside Track podcast, Wyness is “confused” why Nottingham Forest have not confirmed their position.
Revenue£221.7mCommercial Revenue£39mMatchday Revenue£20.3mOperating Loss£64.9mNottingham Forest’s 2024-25 financial accounts.
He told Football Insider‘s Inside Track podcast: “There are very big question marks in my mind as to whether they have complied due to the timings.
“I don’t know why they wouldn’t make it clear right now that they have complied by the 1st March deadline. It seems a lot of things happened later. There may be a fine legal point that I’m missing, but nevertheless, if you’ve complied, why not tell us?
“Why not explain exactly what you’ve done, that you have complied rather than just saying we believe we’ve complied. All I’ve seen was a lot of things that happened a bit late. With Crystal Palace, that date became very important and UEFA put their foot down. So I would hope they’ve done it right.
“I’m sure Marinakis had learnt his lesson. He was involved in the whole Palace thing last year, so it’s not as though he knows nothing about it. He was very instrumental in the whole thing. They’d be in a difficult position because, having called out Palace on that, they would then have to be accused themselves.
“Let’s hope they’ve got it right, but I’m just confused as to why they haven’t told us exactly what they’ve done, because that could have been simple to put a cap on an argument quite simply. So, there is still a question mark in my mind as to whether they’ve done it correctly.”
Nottingham Forest on course for £25m boost
Former Manchester City financial advisor Stefan Borson told Football Insider that Nottingham Forest could earn an extra £15million from winning the Europa League this season.
If the Tricky Trees were to win the competition, they would have netted around £25m in prize money, but Vitor Pereira’s side need to beat rivals Aston Villa first in the semi-finals.
The funds would be a welcome boost for Nottingham Forest as they are set to earn less in prize money from the Premier League this season due to their lower league finish.
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