Nottingham Forest fans have expressed their appreciation towards owner Evangelos Marinakis over the news that the Greek businessman has converted £41 million worth of loans into shares.
Converting the loans into equity has been described as "further significant financial commitment" to the club which he took over as owner in 2017. The news comes a year after it was announced Marinakis had converted £12m worth of loans into shares in addition to the announcements of £20.8m in 2021, £14.7m in 2019 and £4.9m in 2018.
A statement from Forest said: “Nottingham Forest owner Evangelos Marinakis has made a further significant financial commitment to the club with the conversion of £41m worth of loans into shares in the 2021/22 financial year. Converting the £41m debt into equity helps relieve the financial burden on the club, reaffirming Marinakis’ commitment to the continued development and future success of Nottingham Forest."
READ MORE: Manager makes Jacob Greaves transfer admission amid Nottingham Forest and Aston Villa links
READ MORE: Fresh twist in Nottingham Forest transfer 'prosecution' as club makes decision
Here's what the fans have had to say on the news...
Richard Dyson: If I was to open a Greek restaurant I would call it Marinakis delights...
John Rally Ric Wood: What he's spent is buttons to what the top teams have
Robbo11legend: Now there's the incentive for SC and his playing staff to buckle down and realize the future is bright, the future is Red! Keep us up and The World is our Oyster with a such generous backer behind us.
thosewerethedays: Top bloke in my book!
Richard Poole: Unbelievably lucky to have such a selfless owner. Has ploughed money, commitment, passion into the club and (along with Cooper) made the fans really proud again. If anyone deserves to stay up it is Forest because of Cooper and EM.
ForestPat: A big thank you to Mr. Marinakis. He supported Steve Cooper when the going was very tough early in the season & continues to support our Club. It's appreciated by us fans.
Daley Bonam: What a man.. a lot of faith in the club and cooper.. and there players.. speechless
Kevin Broughton: Gotta love this guy
READ NEXT
Aurier provides injury update as target for Forest return set
Lewis O'Brien receives Forest support after failed transfer vow
Jermaine Jenas outlines Forest ‘concern’ and names standout player
Arsenal hand Nottingham Forest boost ahead of 'biggest game of the year'
- The latest Nottingham Forest news in one place
