Nottingham Forest owner Evangelos Marinakis has removed himself from control of the club by officially withdrawing his position at Companies House.
The Greek billionaire still owns Forest, but he has put all of his club shares into a blind trust so that he no longer has control or influence over the day-to-day running of the club.
Sky Sports News has been told this could be a temporary measure because of a possible conflict of interest with another club in Marinakis’ stable, Olympiakos.
UEFA rules dictate that no individual is allowed to control two clubs that are competing in the same competition, and Forest and Olympiakos are both pushing for places in next season’s Champions League.
Olympiakos are 13 points clear at the top of the Greek Super League, while Forest would go third in the Premier League if they win their game in hand against Brentford on Thursday, live on Sky.
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“Marinakis is still very much Forest owner”
Sky Sports News’ senior reporter Rob Dorsett:
“It’s huge news that the man who has become the talisman and symbol of Nottingham Forest since he bought the club and has seen it grow and grow to a position of power in the Premier League, is no longer in control of the club.
“UEFA set a deadline for the end of April that every club that is potentially in their competition complies with those rules. That’s why Forest have had to make this decision. They’ve known about it for quite a while but it’s very significant.
“Evangelos Marinakis was never on the board but there have been three new people appointed – they’re the trustees of this blind trust that has control of his shares.
“Three people have had to resign from the board because UEFA and Companies House rules say anybody who is a trustee have to be in the majority of any club board. It is a bit complicated.
“Marinakis is still very much the Nottingham Forest owner. He’s not walking away or withdrawing his interest, but he no longer has day-to-day control of the club.
“If Forest don’t make the Champions League, they could reverse this decision. There’s no requirement for this blind trust if Forest don’t qualify for the Champions League.”
More to follow…
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