MX23RW : Friday, December 13 20:42:40| >> :60:2445:2445:

Report: Nottingham Forest takeover awaiting green light

The American consortium looking to secure a majority stake in Championship side Nottingham Forest is reportedly ready to complete the takeover.

The American consortium looking to secure a majority stake in Nottingham Forest is ready to complete the takeover, according to reports.

The group, led by former San Diego Padres baseball team owner John Jay Moores, is buying an 80% stake in the Championship side from Fawaz Al Hasawi, who will retain the other 20%.

According to BBC Sport, the consortium's money for the takeover - thought to be in the region of £50m - is in the bank and available, but they are awaiting the final sign-off from current owner Al Hasawi.

The Reds have lost five of their last six matches, with their only point in that time coming in a 1-1 home draw with Preston North End, and are currently only two points clear of the relegation zone.

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Giuseppe Labellarte
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Nottingham Forest owner Fawaz Al Hasawi looks on during the npower Championship match between Nottingham Forest and Leicester City at City Ground on May 4, 2013
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TeamPWDLFAGDPTS
1Liverpool14112129111835
2Chelsea1594235181731
3Arsenal1585229151429
4Manchester CityMan City158342721627
5Nottingham ForestNott'm Forest157441918125
6Aston Villa157442323025
7Brighton & Hove AlbionBrighton156632522324
8Bournemouth157352320324
9Brentford157263128323
10Fulham156542220223
11Tottenham HotspurSpurs1562731191220
12Newcastle UnitedNewcastle155551921-220
13Manchester UnitedMan Utd155461918119
14West Ham UnitedWest Ham155372028-818
15Everton143561421-714
16Leicester CityLeicester153572130-914
17Crystal Palace152761420-613
18Ipswich TownIpswich151681427-139
19Wolverhampton WanderersWolves1523102338-159
20Southampton1512121131-205


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