London
24 °C
Manchester
Glasgow
20 °C
Dublin
21 °C
Belfast
Washington
26 °C
Denver
Atlanta
Dallas
18 °C
Houston Texas
New Orleans
El Paso
Phoenix
Los Angeles
15 °C
1 °C
25 °C
7 °C
22 °C
12 °C
17 °C
Forest owner Marinakis steps back as European qualification looms / Photo: Paul ELLIS - AFP/File
NYSE - LSE
| RBGPF | -0.71% | 63 | $ | |
| CMSC | -0.24% | 22.187 | $ | |
| NGG | -0.05% | 73 | $ | |
| RIO | -2.71% | 59.273 | $ | |
| BTI | 1.78% | 43.635 | $ | |
| SCS | -0.15% | 9.995 | $ | |
| VOD | 1.49% | 9.725 | $ | |
| GSK | 1.48% | 39.555 | $ | |
| CMSD | -0.38% | 22.265 | $ | |
| RYCEF | -3.54% | 9.9 | $ | |
| RELX | 1.74% | 54.74 | $ | |
| JRI | -0.08% | 12.92 | $ | |
| BCC | -2.3% | 92.375 | $ | |
| AZN | 0.33% | 71.95 | $ | |
| BP | -2.46% | 27.395 | $ | |
| BCE | 0.68% | 22.07 | $ |
Forest owner Marinakis steps back as European qualification looms
Nottingham Forest owner Evangelos Marinakis will not have a controlling interest in the Premier League club next season, making the move ahead of their potential return to European football.
Marinakis, who also owns Greek club Olympiakos, has placed his shares in a blind trust in order to comply with UEFA regulations on multi-club ownership, which state no individual is allowed to control two clubs that are competing in the same competition.
The Greek side have already qualified for next season's Champions League, meaning there would be a conflict of interest if Forest were to follow them into Europe's top club competition.
Forest will climb to third in the Premier League with four games remaining if they beat Brentford in Thursday's game in hand at the City Ground.
Marinakis' move is only a temporary measure and is a commonly used practice, with Manchester United's co-owners INEOS suspending their interest in Nice for this season.
Sokratis Kominakis, Forest's co-owner, is returning to the club's board.
Nuno Espirito Santo's team are chasing one of the top five places in the Premier League, which would guarantee Champions League qualification.
It is a dramatic improvement in fortunes for a club that faced back-to-back relegation fights after ending their 23-year exile from the Premier League in 2022.
Forest have not played in Europe's elite competition since the 1980/81 season, when they were two-time defending champions under former manager Brian Clough.
O.Lessard--SMC
