Dodgy Doidge deal behind Forest Green’s latest losses

Christian Doidge’s collapsed £1 million transfer to Bolton Wanderers just over a year ago heavily contributed to Forest Green suffering a financial loss over the past year.

Now available to view through Companies House, the club’s accounts show an operating loss of £797,000 for the year ended April 30, 2019.

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Doidge initially joined Bolton on loan in the summer of 2018, and the two clubs had agreed to make the deal permanent last January.

But the transfer fell through as Bolton and former own Ken Anderson faced financial struggles of their own.

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Instead, Doidge returned to the League Two side before eventually completing a move away to Scottish side Hibernian – for just £250,000.

In the year before, Forest Green had made a profit upwards of £400,000, and have so insisted the failed transfer is behind their current state.

The club’s turnover has increased from £4,921,683 to £5,052,878, as has their wage bill – which has risen by 11% to £3.3 million.

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They spent a total of £158,078 on bringing players into the club and, with Doidge’s failed deal, received nothing in return.

This latest loss has seen their losses over the years total to £13.5 million.

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