Premier League · England · valued 28 October 2026
Nottingham Forest valuation
The FCV Index values Nottingham Forest at £551m as of 28 October 2026, with an indicative range of £469m–634m (data grade A). That ranks Nottingham Forest #12 in the Premier League and #29 of the 198 clubs in the index. Its FCV Desirability score is 71 out of 100 (#14 of the 92 English league clubs).
Key figures
- Live enterprise value
- £551m
- Indicative range
- £469m–634m
- Data grade
- A (±15%)
- Rank in Premier League
- #12 of 20
- Rank in FCV Index
- #29 of 198
- Latest revenue
- £222m
- Revenue source
- Companies House filed accounts
- Adjusted revenue multiple
- 2.76x
- Squad value (estimate)
- €550.0m
- Stadium capacity
- 31,212
- Stadium ownership
- Leased
- Academy
- Category 1
- Owner
- Evangelos Marinakis
- Net debt (filed)
- not confirmed
- Indicative equity value
- n/a
This season
6 points from 8 games; expected finish 13.3. Value in each end-of-season outcome, with FCV's simulated probability:
How the value is built
Revenue approach: forward revenue of £231m × adjusted multiple 2.76x = £637m.
Asset approach: realisable squad value, stadium (if owned) and training ground = £372m.
The two are blended with a weight set by division, then adjusted by the club's desirability premium of -0.3%, giving £615m if the club stays in the Premier League. The live value weights each season outcome by its probability. Full methodology.
Desirability
Nottingham Forest scores 71 out of 100 on the FCV Desirability Index, #14 of the 92 English league clubs (between #13 and #20 under different weightings). That is below the Premier League median of 72, which gives a discount of 0.3% on the club's value.
The score measures what buyers pay for beyond the accounts. It is built from 18 public measurements in six pillars. How the Desirability Index works.
Pillars (0–100; marker = Premier League median)
- Top-flight seasons
- 60 (last 2025-26)
- Major honours
- 1 league titles, 2 FA Cups, 4 League Cups, 2 European Cups
- Wikipedia languages
- 80
- Wikipedia views, 24 months
- 3,604,255
- Average attendance 2023-25
- 29,722
- Population within 30 km
- 1.8m
- Distance to London
- 173 km
- Nearest major airport
- East Midlands, 18 km
Filed accounts
Latest accounts filed at Companies House by company 01630402 (company accounts). Figures in £ millions; some older filings are scanned documents read by OCR.
- Year end
- 2025-06-30
- Turnover
- £222m
- Turnover, prior year
- £190m
- Staff costs
- n/a
- Operating result
- -£64.9m
- Profit on player sales
- £7.0m
- Profit before tax
- -£78.9m
- Net assets
- -£5.2m
- Cash
- £13.2m
- Borrowings identified
- n/a
Questions
How much is Nottingham Forest worth?
The FCV Index values Nottingham Forest at £551m as of 28 October 2026, with an indicative range of £469m–634m (data grade A). That ranks Nottingham Forest #12 in the Premier League and #29 of the 198 clubs in the index. Its FCV Desirability score is 71 out of 100 (#14 of the 92 English league clubs).
How much would it cost to buy Nottingham Forest?
The FCV Index estimates enterprise value at £551m, before debt. The price for the shares depends on the club's net debt, which FCV has not yet confirmed from filed accounts.
Who owns Nottingham Forest?
FCV records the owner as Evangelos Marinakis. Check the club's filings at Companies House or the relevant national registry for the current shareholding.
How is Nottingham Forest's value calculated?
FCV blends a revenue approach (forward revenue of £231m × an adjusted multiple of 2.76x) with a realisable-asset approach (squad, stadium and training ground, £372m), then weights the values if the club is promoted, stays or is relegated by probabilities from a 20,000-run season simulation.
How desirable is Nottingham Forest to a buyer?
Nottingham Forest scores 71 out of 100 on the FCV Desirability Index, #14 of the 92 English league clubs (between #13 and #20 under different weightings). That is below the Premier League median of 72, which gives a discount of 0.3% on the club's value.
How often is the valuation updated?
Live values are recalculated after every round of matches, and the financial inputs are updated when clubs file new accounts.
Premier League valuations
| # | Club | Live value | Grade |
|---|---|---|---|
| 1 | LiverpoolFenway Sports Group | £4.34bn | A |
| 2 | ArsenalKroenke Sports & Entertainment | £4.21bn | A |
| 3 | Manchester CityCity Football Group (ADUG) | £3.92bn | A |
| 4 | Manchester UnitedGlazer family / INEOS (Ratcliffe) | £3.81bn | A |
| 5 | Tottenham HotspurENIC (Lewis family trusts) | £2.92bn | A |
| 6 | ChelseaBlueCo (Boehly/Clearlake) | £1.93bn | A |
| 7 | Aston VillaV Sports (Sawiris/Edens) | £1.49bn | A |
| 8 | Newcastle UnitedPIF | £1.36bn | A |
| 9 | Brighton & Hove AlbionTony Bloom | £812m | A |
| 10 | EvertonThe Friedkin Group | £612m | A |
| 11 | Crystal PalaceParish / Harris / Blitzer / Woody Johnson | £558m | A |
| 12 | Nottingham ForestEvangelos Marinakis | £551m | A |
| 13 | SunderlandKyril Louis-Dreyfus | £515m | A |
| 14 | Leeds United49ers Enterprises | £505m | A |
| 15 | FulhamShahid Khan | £497m | A |
| 16 | BournemouthBlack Knight (Bill Foley) | £494m | A |
| 17 | BrentfordMatthew Benham | £479m | A |
| 18 | Ipswich TownGamechanger 20 (ORG) | £285m | A |
| 19 | Hull CityAcun Ilicali | £214m | A |
| 20 | Coventry CityDoug King | £190m | A |
Cite or reuse this valuation
FCV Index, Nottingham Forest valuation as of 28 October 2026, https://footballclubvaluations.com/clubs/nottingham-forest/