Shocking New: Nottingham Forest chairman chases £18.3m boost, £10m agreement already sealed few minutes ago
Nottingham Forest’s new chairman Nicholas Randall has one major task at hand following his appointment earlier this week.
Randall is embarking on his second stint as chairman at the City Ground just 13 months after being replaced by Tom Cartledge.
Cartledge is now stepping down to focus on his family business, the design firm Benoy who have worked closely with Forest on their stadium plans.
Benoy and Cartledge had been central to the proposal to build a new stadium to replace the City Group in Toton. He will remain on the board of directors.
Like Cartledge, Randall also remained on the board at Forest following Evangelos Marinakis’s decision to remove him from his post in August last year.
Forest have enjoyed a steady start to the season under Nuno Espirito Santo, taking nine points from their opening six fixtures.
But while performances on the pitch are the priority in the immediate future, Randall will oversee a task behind the scenes the legacy of which will endure for decades in NG2.
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The value of Nottingham Forest’s planned stadium rebuild
Forest have long harboured ambitions to accommodate the enormous demand for tickets among their supporters
The City Ground’s value to fans goes well beyond its financial utility, but it is one of the least lucrative stadiums in the Premier League in terms of the cash it generates per head.
Forest earned £11.1m in matchday income in 2022-23, their first campaign back in the top flight for over two decades and the last for which full financial data is available.
That figure will have risen in 2023-24, reflecting increased ticket prices.
That trend will continue in 2024-25, with another steep ticket prices being heavily criticised by supporter group but also likely to prove lucrative for the club.
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