It's on the forest offical site take over almost complete !
Fawaz Al-Hasawi is expected to invest heavily on Nottingham Forest once his takeover of the club is finalised, a source close to the Kuwaiti businessman has suggested.
As Sport360 reported back in May, Al-Hasawi is set to buy the Championship club, and the Forest website today confirmed that the current board are in “exclusive negotiations” with him with regards to a buyout.
Al-Hasawi is also the current president of Kuwaiti Premier League giants Qadsia. He took over as president of Qadsiya in 2010 having been on the board since 200, taking over from Talal AL-Sabah, who had been chair for 13 years.
And our source explained the financial impact he has made since taking over the club.
"He has a big Real Estate business and he is one of the richest men in Kuwait along with his brothers. His brother in law is from the ruling family in Kuwait,” the source told Sport360.
"He is crazy about football and he pays for everything at Qadsia including the purchase of players, bringing in coaches, paying salaries, and even for the stadium, and prize money.”
And the investment from Al-Hasawi is certainly paying off. Qadsiya have won back-to-back championships under his reign as well as two Kuwat Emir Cups, and the Kuwait Federations Cup.
"Qadsiya is the best club in Kuwait and it used to be one of the best in Asia,” the source added.
Al-Hasawi’s love for football and previous experience of spending heavily to breed results is potentially great news for Forest fans, who are surely desperate to see their club attempt to return to the glory days.
