Doughty died at the age of just 54.
A short statement on the club’s official website read: “It is with enormous sadness that Nottingham Forest announce the death of the club’s owner Nigel Doughty.
“Mr Doughty, who was 54, was found dead earlier today in his gym at his home in Skillington, Lincolnshire.
“The club would like to appeal for the privacy of Mr Doughty’s family to be observed at this sad time.”
Doughty invested almost £100million of his personal fortune into Nottingham Forest.