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Nottingham Forest owner Marinakis announces £210m stadium plans

Created at 3 Jul · 8:10 PM1 source↑ Market-relevant
IN SHORT

Nottingham Forest owner Evangelos Marinakis has announced plans for a new £210 million stadium for Olympiacos FC in Greece. The proposed 53,000-capacity arena, named the Georgios Karaiskakis Stadium, will include advanced media facilities and a bioclimatic roof.

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Key Numbers

£210mstadium construction project cost
€250mproject cost in Euros
53,000stadium capacity
2,000-square-metremedia center size
320-seatauditorium capacity
1,000 square metresdedicated media workspaces
£130mCity Ground redevelopment cost
52,500potential City Ground capacity

Who's Involved

Evangelos Marinakis
Owner of Nottingham Forest and Olympiacos FC, announcing stadium plans
Olympiacos FC
Greek football club for which a new stadium is planned
Nottingham Forest
Premier League club whose owner is announcing stadium plans
Nottingham Forest owner Marinakis announces £210m stadium plans

↳ Why This Matters

The announcement signifies a significant investment in football infrastructure by Evangelos Marinakis, potentially enhancing the value and appeal of his sports franchises and contributing to the development of football facilities in Greece.

Key facts

  • Nottingham Forest owner Evangelos Marinakis announced a £210 million stadium project for Olympiacos FC.
  • The new Georgios Karaiskakis Stadium in Greece is planned to have a 53,000 capacity.
  • The project will be financed by Olympiacos and Marinakis personally.
  • The stadium will feature a media center, auditorium, and bioclimatic roof.
  • Marinakis is also involved in a £130 million redevelopment of Nottingham Forest's City Ground.

Nottingham Forest owner Evangelos Marinakis has announced plans for a new £210 million stadium for his Greek football club, Olympiacos FC. The proposed Georgios Karaiskakis Stadium in Piraeus is set to have a 53,000 capacity and will be financed by Olympiacos and Marinakis personally.

The project aims to create the largest and most modern football stadium in Greece, featuring a 2,000-square-meter media center with a 320-seat auditorium, 1,000 square meters of media workspaces, and a bioclimatic roof. One side of the stadium will focus on a multi-level hospitality offering, similar to Levi’s Stadium in Santa Clara.

Marinakis stated that the stadium will be a 'theatre of dreams' and open year-round. Separately, Marinakis is also spearheading a £130 million redevelopment of Nottingham Forest's current home, the City Ground, which could increase its capacity to 52,500.

Frequently asked questions

The project is estimated to cost over €250 million, which is equivalent to approximately £210 million.

The new Georgios Karaiskakis Stadium is planned to have a capacity of 53,000.

The project will be financed by Olympiacos FC and Evangelos Marinakis personally.

Marinakis is also leading a £130 million redevelopment of Nottingham Forest's City Ground.

What Happens Next

01Plans for the new Georgios Karaiskakis Stadium have been submitted.
02Construction of the new stadium is expected to commence.

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Cadence

How It Developed

Nottingham Forest owner Evangelos Marinakis announced plans for a new stadium.
The project for Olympiacos FC in Greece will cost over €250 million.
The new Georgios Karaiskakis Stadium will have a 53,000 capacity.
Plans include a media center, auditorium, and dedicated media workspaces.
The stadium will feature a bioclimatic roof and multi-level hospitality offerings.
Marinakis stated the stadium will be the largest and most modern in Greece.
Marinakis is also spearheading a £130 million redevelopment of Nottingham Forest's City Ground.

Sources

T1
Nottingham Forest owner Marinakis announces £210m stadium plansCity AM

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