Nottingham Forest scoops Sky Bet’s £250,000 Transfer Fund

skybettransferfund

English Championship football club Nottingham Forest have won the Sky Bet £250,000 transfer fund to spend in the upcoming January transfer window, despite being subject to a Football League transfer embargo. Forest earned the transfer money thanks to supporter Shaun Lander who won the Sky Bet competition.

Lander was announced as winner on Tuesday Lunchtime,  just 24 hours after the Football League Association had placed Forest and Championship rivals Blackburn Rovers and Leeds United, under an embargo for breaching financial fair play rules.

Sky Bet ran the competition to celebrate its title sponsorship of the English Football League. The betting operator had drawn a shortlist of 10 Football League fans from its customer base. Lander was announced at Wembley Stadium, as the competition winner securing Forest the free transfer fund as well as £5,000 for himself.

The Football League’s Chief Executive Shaun Harvey has confirmed that Forest will allowed to receive the Sky Bet transfer money, however the football club  can only spend the money on wages of players signing on a free-transfer or a loan.

The Football League announced that Nottingham Forest would receive a January transfer window embargo for incurring losses of more than the £8 million permitted during the 2013/2014 football season.

It is unknown whether Nottingham Forest’s management will challenge the Football Leagues transfer sanction.

Check Also

Kenyan gamblers could face 10% tax under new laws

Kenyan gamblers are set to be hit with a ten per cent excise duty on …

Parimatch boosts esports presence through Team Spirit agreement

CIS region online bookmaker Parimatch has continued to boost its presence in the esports industry after inking …

Intralot powers MDJS Moroccan expansion

Athens-listed gambling technology and lottery systems provider Intralot SA will expand its services and presence …