Nottingham Forest's potential new owners John Jay Moores and Charles Noell hope to complete their £50million takeover within the next three weeks.

American investors Moores and Noell's bid to buy the Championship club is now being ratified by the English Football League, with sources indicating that the Owners and Directors Test is already underway.

Forest's current owner Fawaz Al Hasawi is ready to agree a complete sale of the club after dropping his initial demands of a 20 per cent stake and Moores is understood to have flown over to England in the last 24 hours.