SportBusiness.com

Fans fight to save Forest

Tagged in

Fans of English First Division soccer club Nottingham Forest have moved to save their club from its current financial crisis through the formation of a supporters trust.

The aim of the trust is to raise sufficient funds to buy the AIM-listed club, whose shares are currently suspended following failure to report. The trust has estimated the cost of the club at £25million ($35.9m/EUR40.8m), but are hoping to raise around £100m ($143.75m/EUR163m) to ensure the long-term future of the team.

Fundraising will target both Forest fans and corporate sponsors, with talks already under way with high street chemist Boots, according to a report in the Financial Times. The trust will meet in Nottingham tomorrow.