13-05-2024, 08:36 AM
Nottingham Forest are being offered the chance to buy the land where their stadium sits for a figure in the region of £10million, The Athletic can reveal.
The freehold for the City Ground has been independently valued at £8m-£10m and its current owner, Nottingham City Council, says it would be “very happy” to try to negotiate a sale
Speaking to The Athletic, the city council leader, David Mellen, confirmed there was an option available to Forest to buy the freehold “so the destiny (of the City Ground) will be in their own hands rather than having to negotiate with us as the landlord”.
The conditions for such a deal would include potential add-ons if large-scale development took place on the site. Forest, it is understood, have previously offered £4m, without following that up in the current negotiations.
The freehold for the City Ground has been independently valued at £8m-£10m and its current owner, Nottingham City Council, says it would be “very happy” to try to negotiate a sale
Speaking to The Athletic, the city council leader, David Mellen, confirmed there was an option available to Forest to buy the freehold “so the destiny (of the City Ground) will be in their own hands rather than having to negotiate with us as the landlord”.
The conditions for such a deal would include potential add-ons if large-scale development took place on the site. Forest, it is understood, have previously offered £4m, without following that up in the current negotiations.