Sci-tech

Olympiakos Owner Evangelos Marinakis Close To Nottingham Forest Takeover

Olympiakos Owner Evangelos Marinakis Close To Nottingham Forest Takeover

His buyout brings to an end Fawaz Al Hasawi's five-year reign in charge of the Championship side.

The protracted deal has been in the pipeline for several months, but was in doubt after it emerged Marinakis was facing allegations of match fixing in his homeland of Greece, meaning he failed to meet the criteria set out in the EFL's Owners and Directors test.

A US-based consortium failed with a takeover attempt of the two-time European champions in January.

Marinakis denied the accusations in an interview with the BBC, saying they were the invention of people who are "jealous" of his success with Olympiakos, Greece's nearly perennial champion over the last 20 years.

The 49-year-old - who heads up a consortium with compatriot Socrates Kominakis - has also been accused in the past of being involved in the bombing of a bakery owned by a referee although no action was taken.

He has not faced any charges and denies all the claims, saying that they stem from jealousy of the club's success.

"Now there is a last case remaining - there are about 80 persons involved".

On the game itself he said football wasn't easy but with hard work, a clear vision and a strong management team, a good coach and a committed squad, Nottingham Forest will now move in the right direction with the support of its fans. "We are football people to the core and we love and know the game", he said.

Expectations are often high at the City Ground, as Forest try to discover their former glory, which saw them establish themselves as one of England's most successful clubs.

Nicholas Randall, a top sports lawyer, has been appointed chairman, Olympiacos managing director Ioannis Vrentzos becomes chief executive officer and David Cook, who has been senior sponsorship manager at Etihad Airways, joins Forest as its chief commercial officer. Our objective is to bring back the glory days.

He said: "I have nothing to be afraid of and to worry about as I have done nothing wrong".

The Greek businessman now owns the majority of Nottingham Forest and is also the owner of Olympiakos.


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