A report in an English-language newspaper in Kuwait says that the former chairman of a sport club in the Gulf emirate is ''finalizing the purchase'' of English League Championship club Nottingham Forest.

The report in the state-run Kuwait Times on Sunday quotes an al-Hasawi family statement saying that Fawaz al-Hasawi, the former chairman of Kuwait's Al-Qadsiya Sports Club, plans to ''sign contracts with new European and international players once the deal is finalized.''

The club announced Friday that it is in talks with potential Arab investors interested in buying the club.

A statement by the Board of Directors posted on the Nottingham Forest website said the club is in ''an exclusive period of negotiation'' with investors it identifies as Fawaz, Abdul-Aziz and Omar al-Hasawi ''over the potential purchase.''

It adds that advisers acting ''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.''

Nottingham Forest finished 19th in the 24-team second-tier of English football last season.