FOREST SHOCK AS TAKEOVER TALKS COLLAPSE
IT WAS Friday the 13th – and it proved unlucky for Nottingham Forest fans hoping for good news about a takeover at their club.
Forest chairman and owner Fawaz Al Hasawi revealed that a proposed takeover by a United States-based consortium led by John Jay Moores had collapsed.
The Championship club had been in talks with the former owner of San Diego Padres, but their future is now in limbo.
“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,” said Al Hasawi.
“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 longterm future of our club.
“Thank you for your continued support at this difficult time for the club.”
Former Forest star Jermaine Jenas gave his reaction to the news on BBC Radio 5 live.
“The fanbase will be devastated. I am a Forest fan and am disappointed by it too. I know they were looking forward to that takeover.”
UNCERTAIN TIMES: Forest’s City Ground home