Nottingham Forest owner and chairman Fawaz Al-Hasawi has issued the following statement:

"I reject JMI’s statement as to why the talks fell apart. I cannot go into more detail about the content of the negotiations as a result of the confidentiality restrictions in place. But I want to assure fans I remain as devoted as ever to this great club.

"Admittedly I am frustrated that we could not conclude a deal that would work in the interests of all involved, but I will not allow fans to be misled that the takeover fell through solely because of my actions.

"All negotiations of this type are inherently complex. I have acted with integrity and in good faith throughout the negotiations and reject claims that I had no desire to complete a deal.

"I have made a significant investment into Nottingham Forest and now that the path has been cleared of any obstacles, we can focus again on improving the club’s position. I will continue to support the club as I have done from the first day I arrived, and work to build a better future.

"I thank the fans, staff and players for their continued support."