Evangelos Marinakis buys Nottingham Forest

Greek shipowner set to reduce prices for season tickets for next season to win over fans.

An Evangelos Marinakis-led consortium has acquired struggling English championship football team Nottingham Forest.

The Greek shipowner has teamed up on the deal with compatriot businessman and investor Sokratis Kominakis, the football club confirmed in a statement.

“The completion of the purchase of 100% of the club’s shares follows the English Football League’s (EFL) review of the business plan submitted for the club,” said Nottingham Forest FC.

“The EFL conducted an owners’ and directors’ test and concluded that none of the persons who would be relevant persons are liable to be disqualified under the test.”

The new owners have formed an English company, NF Football Investments Ltd., in order to provide full transparency when they purchased the shares formerly owned by the Kuwaiti Al-Hasawi family.

“Our intention is to keep Nottingham Forest thoroughly embedded in English football culture,” Marinakis said in a statement.

“We are therefore proud to announce the appointment of Nicholas Randall, QC, one of the leading sports lawyers in England, to the club’s board.

“Nicholas knows the football industry like few others and has accepted an offer to join the club as its chairman.”

Marinakis has been the majority owner of Greek football club Olympiacos FC since August 2010 during which time it has enjoyed one of its most successful periods.

“What we have achieved in national and European football with Olympiacos FC, we want to duplicate with Nottingham Forest,” he said.

“Forest is one of England’s oldest clubs and one with a proud history of national and international excellence. Our objective is to bring back the glory days.

“We are football people to the core and we love and know the game. Our team has demonstrated that we know how to create success in football by having won title after title with Olympiacos in Greek football.”

Marinakis said what Nottingham Forest needs is “a solid and time-tested management, a professional board, and above all, the best possible football management and players”.

In terms of playing staff. Marinakis said he believed current manager Mark Warburton and his team were the “right people” to take the club forward on the pitch by delivering the passing game that the club’s supporters love, and for which Nottingham Forest are known and remembered throughout the world.

“We will provide Mark and his team with the time and support necessary to rebuild the team and create the conditions for success,” he said.

“The players performed magnificently in the crucial match against Ipswich Town and the way they responded to and implemented Mark’s game plan is a credit to the environment he has created."