Moores ‘optimistic’ Nottingham Forest takeover will go through

Date published: Tuesday 10th January 2017 2:45

The protracted takeover of Nottingham Forest has been delayed further but investor John Jay Moores remains keen to complete the deal in the near future.

It had been hoped Moores’ purchase of the Sky Bet Championship club, reported to be worth £50million, would be finalised on Tuesday but that now looks very unlikely.

Press Association Sport understands the delay is merely down to some details being revised, rather than the deal hitting any major complications.

Speaking to US journalist Barry Bloom of MLB.com, Moores said of the delay: “I am optimistic that we will close soon. But nothing definitive.”

News of another delay is not good news for Forest, whose need for the takeover to be completed has been made all the more pressing given their perilous position in the league table – the Reds are just two places and two points above the relegation zone.

Meanwhile, a myriad of problems need to be resolved at the club relating to contracts, player sales and the manager’s position – none of which can be sorted until the takeover is finalised.

Moores, the former owner of Major League Baseball franchise the San Diego Padres, and his long-time business partner Charles Noell have been trying to buy Forest since October. The pair have previously tried, and failed, with takeover attempts at Everton and Swansea.

When the takeover at the City Ground finally goes through, current owner Fawaz Al Hasawi will retain a 20 per cent stake but will have no say in the day-to-day running of the club.

The Kuwaiti businessman, who assumed control in July 2012, has overseen a chaotic spell in charge, with current incumbent Philippe Montanier the seventh manager of Al Hasawi’s reign.

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