Nottingham Forest have announced Olympiakos owner Evangelos Marinakis has completed his takeover of the club.
Even though an investigation into accusations of match-fixing is ongoing in Greece, Marinakis has passed the EFL's owners" and directors' test, formerly known as the "fit and proper persons test'.
Nottingham Forest fans will finally be getting the news they've waited so long for, as according to the Telegraph, Greek shipping magnate Evangelos Marinakis has had his takeover proposal agreed, with an official announcement possibly arriving later.
Marinakis denied the accusations in an interview with the BBC, saying they were the invention of people who are "jealous" of his success with Olympiakos, Greece's nearly perennial champion over the last 20 years.
He was previously accused of being involved in the bombing of a referee's bakery but faced no action.More news: Paytm raises $1.4 b funding from SoftBank
"Our intention is to keep Nottingham Forest thoroughly embedded in English football culture", said Marinakis. Nicholas knows the football industry like few others and has accepted an offer to join the club as its chairman.
Marinakis added: "What we have achieved in national and European football with Olympiacos FC, we want to duplicate with Nottingham Forest". Our objective is to bring back the glory days.
The EFL has approved the deal after reviewing the business plan and applying the owners' and directors' test. Forest fans are expected to back their new owner and the club's reduced season ticket prices are expected to see The Reds record their highest ticket sales in several years.
The governing body also asked Uefa for its view on his ownership of Olympiakos and received a positive response.
He said: "We believe that in Mark Warburton and his team the right people were selected to take the club."We will provide Mark and his team with the time and support necessary to rebuild the team and create the conditions for success".