The Kuwaiti-based Al-Hasawi family have completed their takeover of the club and will hold a press call on Saturday to further outline their plans for the Reds.
"We know there are challenging times ahead of us to bring the club back to its glory days and we look forward with excitement towards a new successful future," read the Al-Hasawi's statement.
"Over the next few weeks we will be working closely with our players, on-field and off-field team members in preparation for the forthcoming season."
***Update***News of the takeover has inevitably seen a host of rumours linking both players and managers with a move to Forest.
Firas Al-Khatib for instance, a Syrian striker who has played in Kuwait, claims he is due in Nottingham this weekend to complete a transfer.
http://english.alarabiya.net/articles/2012/07/12/225885.html
Sky Bet meanwhile have cut the Reds from 16/1 into 12/1 to win the Championship this season.