Has Evangelos Marinakis Always Controlled Nottingham Forest?
Ask Me Anything explains how Evangelos Marinakis managed his ownership structure at Nottingham Forest amid UEFA multi-club rules.
Nuno Espirito Santo's future at Nottingham Forest is uncertain after a falling out with owner Evangelos Marinakis.
Why did Marinakis alter his control?
On April 29, Nottingham Forest sat two points off the Champions League spots when Marinakis ceased being a person of significant control on Companies House filings. As the owner of Olympiakos, he needed to comply with UEFA's rule barring the same individual from controlling two clubs in the same competition. This change was purely on paper, and sources say Marinakis remained committed to the club. After Forest failed to qualify for the Champions League, he was reinstated as a major shareholder on June 6, 2025.
Implications of multi-club ownership
UEFA requires clubs under the same owner to demonstrate independence by a March 1 deadline each season. While Forest sidestepped a conflict by not entering the Champions League, Crystal Palace were demoted from the Europa League for missing the deadline because co-owner John Textor also had a stake in Lyon. Palace's slot went to Nottingham Forest.
Breakdown in the Marinakis-Nuno relationship
Over the summer, tensions grew between Marinakis and manager Nuno Espirito Santo, reportedly over recruitment decisions. Nuno said that unlike last season, they no longer speak daily: 'Our relationship has changed and we are not as close. I believe dialogue is vital as my focus is the squad and the season ahead.'
Marinakis strategically adjusted his stake on paper to comply with UEFA rules, but tensions with his manager surfaced amid recruitment disputes.
This topic was reported by BBC.
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