After releasing eighteen players this week, Nottingham Forest reduced their wage expenditure by £15 million, according to sources who spoke with Football Insider.
On Wednesday, June 5, the team announced on their website that 18 players have left the City Ground this summer. This was the retained list.
Six first-team players have left the team: Scott McKenna, Felipe, Loic Mbe Soh, Wayne Hennessey, Harry Arter, and Cheikhou Kouyate.
Divock Origi, Gonzalo Montiel, Gio Reyna, Rodrigo Ribeiro, and Nuno Tavares are the other five loan talents who have returned to their parent clubs.
It’s believed that Origi was among the highest paid players at the team; during his loan period, the Belgian striker brought in about £110,000 a week.
Nottingham Forest can calm PSR fears after £15m cut
Felipe earned around £70,000 per week before his retirement while Gio Reyna and Harry Arter were pocketing close to £40,000 weekly.
Overall, Football Insider has been told that Forest have cut close to £15million from their wage bill through their summer departures.
The cut to their wage bill will provide a significant boost to the club’s budget under the Profit and Sustainability Rules.
The 2023–24 season saw Forest docked four points for exceeding their permitted losses by £34.5 million.
Although they should be nearing their PSR cap once more in the upcoming season, salary reductions will provide the team more financial wiggle room.
