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Forest Takeover Dead The Water As Proposed Deal Is Off

13th January 2017
Sport, Nottingham Forest

Forest Takeover Dead The Water As Proposed Deal Is Off

The proposed takeover of Nottingham Forest Football Club is officially OFF, as the proposed buyout by American Businessman John-Jay Moores as “all negotiations in regard to a partial sale of the club to US owners have come to an end.”

In a statement to the Official Nottingham Forest Website, Forest chairman and owner Fawaz Al Hasawi released a short statement about the ownership of the club.

"It is with great regret and disappointment that the club announces today that, despite much speculation in the media, all negotiations in regard to a partial sale of the club to US owners have come to an end.”

"We feel strongly that we have acted in good faith on behalf of the club and its fans and that such a deal as it stands is not in the interests of the long-term future of our club. Thank you for your continued support at this difficult time for the club."

Earlier today it was revealed that the Football League had lifted the transfer embargo placed on the club, after the submission of the required documentation relating to their accounts.

This fuelled rumours that the takeover was close to completion, but following this evenings statement from Al Hasawi, it appears that Forest are back to square one, and as they sit just two points above the Championship relegation zone ahead of tomorrow’s trip to Birmingham – many fear that it’s not just square one the Reds are heading back too, but League One as well.

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