So
What Now?
21/01/02 | by Alex Walker
Last
Friday, the long term future of Nottingham Forest was secured as
Nigel Doughty announced his plans to invest a further £5m in the
club and take over as Chairman, a position which he stated he
could hold for 20 years or more.
Good news that few can deny, news that finally puts some kind of
clarity over the situation surrounding the City Ground. Issues
still remain that need addressing, such as the decisions that led
to this take-over becoming necessary in the first place and the
future of Forests current crop of stars as we attempt to
clear our considerable debts, but at least we have some kind of
grounding to base any future problem-solving on.
There can be no denying that this is a long term solution, but
the short term still looks difficult. While the £5m injection is
enough to keep the financial wolves from the door, it will only
hold them for so long. At Fridays EGM, both Doughty and
Hart said that Forest would still need to sell players to raise
the much-needed funds.
Of course, selling players is normal practice for medium-sized
clubs like Forest, but it is a very bitter pill to swallow. After
so many years of doom and gloom, the fans must now say goodbye to
the bright starlets who made this season worthwhile. Despite yet
another mediocre campaign which is now thinning out into the
tedium of midtable security, talented youngsters such as Jermaine
Jenas, Gareth Williams and David Prutton have treated us to their
ability and attitude, giving us long-desired hope for the future.
These three players alone, represent everything that is good
about Nottingham Forest at the moment - skill, composure,
sportsmanship, passion, youth - and selling them represents a
step back in the progress of the club. Unfortunately, if Forest
do not get some cash to pay back their borrowings (now standing
at an alarming £20m) then there wont be a club at all.
In the short term, this will damage the club and dent any
promotion hopes we may have for the next few seasons. But in the
long run, we will be better off. As part of his long term vision,
Doughty plans to invest further in the academy that developed
Jenas and co.
£6m of his initial investment went on the Wilford Lane
facilities and he speaks highly of the work done there on
breeding new players. Despite losing Paul Hart over the summer,
the U19s have carried on where they left off from last
seasons Championship winning campaign with an impressive
record of results.
However, last month building work was stopped on the site until
Forest could guarantee themselves good to foot the bill.
Doughtys £5m, plus the value of one of Forests top
prospects, will be enough for Forest to prove themselves viable
and for work to begin again.
It seems it is necessary for Forest to sacrifice one or two of
the academys best products in order for the production line
to continue. For the sake of the many more brilliant players in
the mould of Jenas and Bopp it will inevitably produce, then the
unfortunate prospect of Forest becoming a selling club might just
be bearable.
After all, Doughty was very keen to point out that although Jenas
will probably be sold, it will only be for the right
price. As Forest have already turned down quite substantial
bids from Premiership clubs, the right price could be
in the region of £6-8m - a undeniably good price for an
18-year-old. This kind of money could come in handy for improving
Forests training facilities or tempting promising young
players to Nottingham.
The important thing to remember is that Doughty and his board of
directors are acting in the best, long term, interests of the
club. The sale of Jenas, not to mention the possibility of losing
Stern John for nothing in a few months time, might not seem
like the best way forward for the Reds. But over the long haul,
clearing the debts and cutting the wage bill will enable us to
move forward in a positive and secure way.