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Report: Nottingham Forest takeover awaiting green light

The American consortium looking to secure a majority stake in Championship side Nottingham Forest is reportedly ready to complete the takeover.

The American consortium looking to secure a majority stake in Nottingham Forest is ready to complete the takeover, according to reports.

The group, led by former San Diego Padres baseball team owner John Jay Moores, is buying an 80% stake in the Championship side from Fawaz Al Hasawi, who will retain the other 20%.

According to BBC Sport, the consortium's money for the takeover - thought to be in the region of £50m - is in the bank and available, but they are awaiting the final sign-off from current owner Al Hasawi.

The Reds have lost five of their last six matches, with their only point in that time coming in a 1-1 home draw with Preston North End, and are currently only two points clear of the relegation zone.

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Giuseppe Labellarte
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Nottingham Forest owner Fawaz Al Hasawi looks on during the npower Championship match between Nottingham Forest and Leicester City at City Ground on May 4, 2013
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Today's games header
Tables header RHS
TeamPWDLFAGDPTS
1Liverpool16123137162139
2Chelsea17105237191835
3Arsenal1796234161833
4Nottingham ForestNott'm Forest179442319431
5Bournemouth178452721628
6Aston Villa178452626028
7Manchester CityMan City178362925427
8Newcastle UnitedNewcastle177552721626
9Fulham176742422225
10Brighton & Hove AlbionBrighton176742726125
11Tottenham HotspurSpurs1772839251423
12Brentford177283232023
13Manchester UnitedMan Utd176472122-122
14West Ham UnitedWest Ham175572230-820
15Everton163761421-716
16Crystal Palace173771826-816
17Leicester CityLeicester173592137-1614
18Wolverhampton WanderersWolves1733112740-1312
19Ipswich TownIpswich172691632-1612
20Southampton1713131136-256


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