FINANCIAL NEWS

Kuwait’s Al Hasawi family in talks to buy UK’s Nottingham Forest

02 Jul 2012

(MENAFN) A Kuwaiti family is in advanced talks to buy the UK’s second tier football club Nottingham Forest, Reuters reported.

Fawaz, Abdulaziz and Omar Al-Hasawi said they were in talks with the estate of Nigel Doughty to buy the two-times European Cup soccer winners.

A statement from Forest’s board said Doughty’s estate had granted the Al-Hawasi family an exclusive period of negotiation.

Fawaz recently quit as chairman of Kuwait’s Qadsia soccer club, which has won the past four domestic championships

Nottingham Forest is one of only eight clubs to have retained the European Cup, securing their second crown in 1980, but they have fallen on hard times and have not played in the Premier League since being relegated in 1999.

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