England football club Nottingham Forest management said on Tuesday that Kuwait’s Al- Hasawi family had completed its takeover of the club from the estate of the two-time European champion’s late owner.
The family issued a statement in late June confirming the reports and said they were close to finalizing a deal for the Second Division club.
“We are currently completing our due diligence in preparation for the exciting challenges ahead of us,” the statement said.
A statement from Forest’s board said Doughty’s estate had granted the Hawasi family “an exclusive period of negotiation,” Reuters news agency reported.
Now the deal has been finalized.
Multi-millionaire Doughty died in February aged 54, having invested almost 100 million pounds in a failed attempt to revive the club’s fortunes.
Nottingham Forest are one of only 8 clubs in Europe to have successfully defended their European Cup title, winning their second successive crown in 1980, but they have fallen on hard times and have not played in the Premier League since being relegated in 1999.
The City Ground side ended last season in 19th place in England’s second tier.
“We wish to bring the club back to where it belongs in the top division. Together we can bring the glory days back,” tweeted Fawaz Al-Hasawi.
BMTags: England football club Nottingham Forest management, Nottingham Forest