American Businessmen Set To Complete £50 Million Takeover Of Nottingham Forest

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American businessmen John Jay Moores and Charles Noell are close to completing a takeover of Nottingham Forest.

Moores is the former owner of Major League Baseball franchise San Diego Padres, and has shown interest in the past in buying both Everton and Swansea.

The deal, which could be completed within a month, is at “an advanced stage” and is worth around £50m.

Current owner and chairman Fawaz al Hasawi had stated he wanted to maintain a 20% stake in the club, but it’s now thought he’s prepared to walk away, maintaining no interest at the City Ground.

Forest have won one in 10 in the Championship this season.

Noell, a long-time partner of Moores, was in England last week and is also working on the deal, which is now at EFL level.

Brad Friedel, the head coach of the USA under-19s, is set to land a position as part of the takeover, possibly a key role within the academy. There are also plans to bring in a new chief executive and Moores’s consortium have been sifting through potential candidates.

Philippe Montanier, the current manager, is vulnerable under the potential new regime after an alarming run of one victory from ten league games.

Moores and Noell’s deal will bring an end to a stormy reign under Al Hasawi, who is under serious scrutiny from supporters after a trouble-strewn four years.

TheTega

TheTega

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