Nottingham Forest Owner Evangelos Marinakis Dilutes Club Control Ahead of Champions League Qualification
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Nottingham Forest owner Evangelos Marinakis has stepped back from his control of the club to comply with UEFA’s multi-club ownership rules, as the Premier League side aim for Champions League qualification.
Documents filed at Companies House show that Marinakis has ceased to be a "person with significant control" of NF Football Investments Limited, the vehicle that owns the City Ground club. Although Marinakis has placed his shares in a blind trust, a Forest source confirmed to the BBC that he remains the club's owner and is still committed to the club.
This move comes as Forest are sixth in the Premier League, level on points with fifth-placed Chelsea, who occupy the final Champions League qualification spot. Forest have a game in hand over Chelsea. Olympiakos, the Greek team also owned by Marinakis, are top of the Greek top flight and are set to qualify for the Champions League.
Forest co-owner Sokratis Kominakis returns to the club's board in place of Marinakis. Uefa will need to assess exactly what Marinakis has done before Forest are cleared to play in European competition.
The established ways round Uefa's multi-club ownership rules are to either reduce a stake in one of them or put one of them into a 'blind trust' so an individual cannot exert influence over two clubs. Former Arsenal sporting director Edu is expected to be confirmed in a new global role within Marinakis' multi-club model in the coming weeks.
Source: BBC Sports Football
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