Kuwaiti owners in long-term pledge to Notts Forest
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Nottingham Forest's new Kuwaiti owners said on Saturday they have a long-term business plan and chose to buy the club despite having offers to take over many other big English football names.
Abdulaziz, Fawaz and Oman Al Hasawi visited the club's Academy on Friday and are due to give a press conference later on Saturday.
In an interview with Nottinghamforest.co.uk, Abdulaziz said: "We are very excited. On behalf of myself, my brother Fawaz and my cousin Omar, we are privileged to be a part of this great club."
He told the club's official website that the family had put together a long term business plan "to bring this club where it should be".
"It's going to take a lot of hard work, sacrifice and careful planning. We are well aware of the situation and willing to take the challenge.
"I would like to reassure our fans that things are back on track. I just need their patience and understanding about what happens in the future."
The family made its fortune in the refrigeration and air-conditioning business.
The club, which won the European Cup in 1979 and 1980, dropped out of the Premier League in 1999. It finished 19th in the 24-team Championship last campaign.
The acquisition of a football club gives Al-Hasawi automatic membership to an elite club of Gulf investors that own European football teams.
Abu Dhabi United Group Investment and Development Limited, led by Sheikh Mansour bin Zayed bin Sultan Al Nahyan, acquired Manchester City for a reported $321m in summer 2008.
Qatar Sports Investments bought a 70 percent stake in French football club Paris Saint-Germain (PSG) in June last year. The investment firm became the sole shareholder of the club after purchasing the remaining 30 percent stake in March.
Dubai’s Royal Emirates Group owns the Spanish La Liga side Getafe.