Nottingham Forest's prospective new owners, the Al-Hasawi family, have spoken of 'exciting challenges ahead' after the club confirmed an exclusive period of negotiation.
The Championship outfit has been on the market since February following the sudden death of owner Nigel Doughty, who had pumped £75million of his own fortune into the club.
There were reports last month that Fawaz Al-Hasawi, the former president of Kuwait's biggest club Qadsia SC, was mulling over a move for Forest.
The club has now confirmed that there are ongoing talks about a possible purchase, while Fawaz, Abdulaziz and Omar Al-Hasawi say they want to achieve the 'highest levels of success.'
In a statement, they said: "We are currently completing our due diligence in preparation for the exciting challenges ahead of us.
"The future on-field and off-field success of Nottingham Forest is at the heart of our plans which we will of course announce in due course.
"We understand this is a difficult time for the club and its supporters and look forward to working with you in achieving the highest levels of success."
A statement for the board on the club's website confirmed the estate of Doughty has granted an exclusive period of negotiation to the Al-Hasawi family over the potential purchase of the club.
It added: "Advisors on behalf of the Al-Hasawi family are conducting the usual buyer's due diligence, assisted by the estate and senior management at the football club.
"At this time we ask fans to ignore all media speculation and we will update supporters as soon as there is anything material to report."