Marinakis Adjusts Forest Ownership Structure
UEFA Regulations Affect Ownership Structure
Nottingham Forest has made changes to its ownership model in light of UEFA regulations that restrict individuals from owning multiple clubs competing in the same tournament. This adjustment responds to the potential conflicts arising from Evangelos Marinakis’s dual ownership of both Nottingham Forest and Olympiakos.
Marinakis and Club Position
Despite relinquishing direct control, Marinakis remains the owner of Nottingham Forest, which is currently competing in the Premier League and seeking a place in next year’s Champions League. Olympiakos is also positioned for Champions League qualification, creating a conflict of interest under UEFA’s regulations.
Formation of a Blind Trust
To comply with UEFA’s requirements, Marinakis has placed his shares of Nottingham Forest into a blind trust. This arrangement allows him to step back from daily management while retaining ownership, thereby addressing potential ownership conflicts with Olympiakos. The modification to the ownership structure was necessary by the end of April and has been implemented in time.
Background of Ownership
Since taking ownership of Nottingham Forest in May 2017, Marinakis has worked to enhance the club’s competitiveness. With the team currently in contention for a Champions League spot, the future appears promising, reflecting the efforts Sir Marinakis has made to improve the club’s standing in English football.
