A United States-based consortium seeking to buy Nottingham Forest has seen the deal fall through.

Forest's proposed takeover by a United States-based consortium led by John Jay Moores has collapsed, according to owner Fawaz Al Hasawi.

The Championship club, under a transfer embargo, had been in talks with the former owner of San Diego Padres.

However, Al Hasawi, who took control at the City Ground in 2012, says negotiations have "come to an end".

"A deal as it stands is not in the interests of the long-term future of our club," said the Kuwaiti.

"We feel strongly that we have acted in good faith on behalf of the club and its fans."