Nottingham Forest: Owners say club finances stable

(left-right) Fawaz Al Hasawi, Abdulaziz Al Hasawi and Omar Al Hasawi

Nottingham Forest's change of chairman has nothing to do with rumours of a financial crisis at the Championship club, BBC East Midlands Today reports.

Reports of money worriesexternal-link began when the players were paid a day late last month and the rumours gathered momentum when Omar Al Hasawi stepped down and was replaced by his cousin Fawaz.external-link

But sources close to the owners say the delay was due to a banking error.

And the Al Hasawis insist their financial commitment to Forest remains.

Sources have described other reports of unpaid bills as "largely inaccurate" and say the Al Hasawi's long-term commitment has been demonstrated by the ongoing work to install two giant replay screens at the City Ground at a cost of more than £1m.

Meanwhile, new chairman Fawaz has promised to take on a more hands-on role than Omar, who has stepped down to concentrate on other business interests.

The Kuwaiti-based family completed a purchase of the controlling stake of former chairman Nigel Doughty, who died in February, in the summer.

Since then, Forest signed 16 players with Omar as chairman and the new-look team have moved to within three points of the play-off places under manager Sean O'Driscoll.