Nottingham Forest signed Portuguese attacking midfielder Gustavo Sá from Famalicão for approximately €20 million. The 21-year-old, who captained his former club, will be loaned to Olympiacos for the 2026/27 season. Both clubs are owned by Evangelos Marinakis, Forest’s majority shareholder. This transfer exemplifies the multi-club ownership model used to develop talent by buying young, generating value across a club network, then selling or deploying players at peak value. The €20 million price tag for a 21-year-old from a mid-table Portuguese club also illustrates the significant inflation in Premier League transfer spending.
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