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SBD Global/July 12, 2012/International Football

Kuwaiti Family Buys Second-Tier Nottingham Forest FC

English Championship football club Nottingham Forest confirmed that "the Al-Hasawi family are the club's new owner," according to the PA. The Kuwait-based businessmen Fawaz, Abdulaziz and Omar Al-Hasawi "have agreed to take control" of the two-time European Cup winners after reaching terms to buy the late Nigel Doughty's controlling stake. In a statement issued on the club's website, the Al-Hasawis 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." The family will be in attendance for a press conference at the City Ground on Saturday (PA, 7/10). In London, Neil Moxley reported that Doughty "was owed around £75M" ($116M) in loans after the venture capitalist "chased his dream of leading Forest back to the top table of English football." However, it is believed that "the in-coming owners have re-paid just a fraction" of that amount of Doughty's estate to gain control of the club (DAILY MAIL, 7/10).
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