The takeover of Nottingham Forest reached its conclusion tonight as the Kuwaiti Al-Hasawi family announced the long-awaited purchase of the club from the Nigel Doughty estate.
Fawaz Al-Hasawi tweeted the news at 6.47pm before following up with a statement at around 9.30pm confirming the acquisition of the Championship club.
Fawaz, Abdulaziz and Omar Al-Hasawi said: “It is an honour and privilege for the Al-Hasawi family to assume control of this great club steeped in history and with the outstanding legacy left by its previous owner Nigel Doughty.
“We know there are challenging times ahead of us to bring the club back to its glory days and we look forward with excitement towards a new successful future.
“Over the next few weeks we will be working closely with our players, on-field and off-field team members in preparation for the forthcoming season.”
A press conference has been called for Saturday where the new home shirt will be launched and the Al-Hasawis will “meet with the club’s friends and supporters”.
The Al-Hasawis added: “It has always been our intention to seek the opinion and counsel of the loyal fans with respect to the club’s future.
“This is a tremendously motivating time for the family and club and you can be assured of our best efforts in bringing the Reds back to the top of the table.”
Estimates of the planned spending varies but figures of up to £20 million have been rumoured, although whether that refers to immediate plans – and includes transfer fees as well as wages – remains to be seen. With the squad in urgent need of rebuilding, signings will be a priority.
Either way, the Al-Hasawis can expect a warm welcome at the City Ground.