Double European Cup winners Nottingham Forest have been put up for sale following the sudden death of Lincolnshire-based owner Nigel Doughty.
The Championship club has instructed investment bankers Seymour Pierce to find a new owner, having lost their chief benefactor Doughty, who ploughed £75million of his personal fortune into saving the club.
Seymour Pierce specialise in advising clubs about takeovers and were behind Roman Abramovich’s purchase of Chelsea. They have also worked on behalf of Aston Villa, Everton, Newcastle and West Ham.
Forest, lying 20th in the Championship, is putting together a prospectus which underlines their financial viability and great history, which saw Brian Clough lead them to European Cup triumphs in 1979 and 1980.
Any sale will partly depend on whether the beneficiaries of Doughty’s will expect to be repaid in full for his investment or whether there can be a settlement.
Reports in October suggested a US/Chinese consortium fronted by an ex-England star was in advanced talks to buy the club but that didn’t materialise – sound like any other East Midlands club experiences?