Forest seek board members

PA Sport
Frank Clark
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Frank Clark

Nottingham Forest are looking to appoint more members to the club's board of directors.

After making a loss in excess of £11million for the last financial year, which will be covered by former owner Nigel Doughty, chairman Frank Clark has revealed the Reds want to bring in people with the expertise to attract interest from the commercial sector and outside investment.

"The people coming in would not be coming to put money into the club, but they are the kind of people who might be able to find us alternative sources of funding," Clark told the Nottingham Post. "The plans are in place. It will not happen tomorrow, but we are talking to one or two people about coming onto the board."

Responding to rumours that overseas consortiums are waiting to invest in the club, Clark continued: "There have been no bids at all, none whatsoever. There is nobody out there. Nobody in their right mind is going to buy a football club in the current climate so it is up to us as a board of directors to seek alternative sources of funding.

"Certainly, at the time when Nigel says 'enough is enough' (when it comes to his financial backing), for the club to operate purely on income will be very, very difficult indeed.

"We need to maximise our commercial potential and look at every aspect of the club to see if we can do things better; to see if we can attract more money. The second thing is looking for alternative sources of funding."

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