ChampionshipNottingham Forest have revealed they recorded a £22.9m loss last season, an increase of almost £6m on the previous year. Forest's failure to meet the Financial Fair Play regulations of losing no more than £8m during the 2013-14 campaign resulted in the club being placed under a transfer embargo in December.
The embargo could be lifted in June, but only if the Reds comply with FFP rules - they will need to prove they have stayed within an operating loss of no more than £3m, with a maximum of £3m of shareholder investment for the 2014-15 season.
