24-05-2019, 03:20 PM
Forest have released the following statement:
The Club confirms that it has been engaged in litigation with Fawaz Al-Hasawi in order to resolve a dispute regarding the proper treatment of various payments and liabilities under the contractual documentation relating to the sale of the Club in May 2017. The dispute relates to detailed accounting evidence and the interpretation of the Share Purchase Agreement. The Club may seek further clarification of the position on appeal based on independent advice. The Club confirms that this litigation has no bearing on the long term position of the Club or its ability to operate.
The Club confirms that it has been engaged in litigation with Fawaz Al-Hasawi in order to resolve a dispute regarding the proper treatment of various payments and liabilities under the contractual documentation relating to the sale of the Club in May 2017. The dispute relates to detailed accounting evidence and the interpretation of the Share Purchase Agreement. The Club may seek further clarification of the position on appeal based on independent advice. The Club confirms that this litigation has no bearing on the long term position of the Club or its ability to operate.