Nottingham Forest losses up to over £17m for 2012-13

Nottingham Forest have announced losses of more than £17m for the 2012-13 season.

It was the first term for Forest under the ownership of the Kuwaiti Al-Hasawi family and losses rose by £5m.

Turnover at the City Ground was down by £300,000, while staff costs rose by almost £3.5m to £21m.

Forest's accounts would have failed the Financial Fair Play rules had they been published after the 2012-13 campaign.