Sven Eriksson Exits Notts County

[QPR Report]

ooh!
Guardian

Sven-Goran Eriksson leaves Notts County after takeover• Director of football had over four years on contract
• Executive chairman and chief executive also leave

Matt Scott guardian.co.uk, Thursday 11 February 2010 18.37 GMT

Sven-Goran Eriksson's spell as director of football at Notts County has ended after he was released from a contract that had more than four years to run. The news came after a consortium of investors bought out the majority shareholding of the League Two club's executive chairman, Peter Trembling.

Eriksson, the former England manager, is said to have come to an amicable agreement with Ray Trew, the former Lincoln City chairman who has emerged as an investor in County and is thought to be behind the takeover.

Trembling and the club's chief executive, Gary Townsend, will also leave.

"I am absolutely certain I can do something with this club," Trew told the Times. "But I might upset a few fans. The problem with this club is that it has been living beyond its means and that cannot go on. We have to build a club here that is secure for the future generations and that means we will have to make some serious decisions."

Trembling had claimed that he had several investors willing to put tens of millions of pounds into the club. However, that has not transpired and County are fighting a winding-up petition from HM Revenue and Customs in the high court.

"The new owners of the club are not of the £25m+ ilk but they do know the football business," said Trembling in a statement. "Most importantly [they] have sufficient funds available to ensure the immediate survival of this football club and not least in view of our court case in less than two weeks' time.

"In addition they are intent and focused on promotion this season, which has been the major objective from day one."

www.guardian.co.uk/football/2010/feb/11/sven-goran-erikkson-notts-county

[QPR Report]

Notts County Official Site

Peter Trembling Statement
Posted on: Thu 11 Feb 2010

I am delighted to announce that the search for investment into this football club has concluded and last night I signed over my 90% shareholding in the club and hence the ownership to a new consortium. This consortium will reveal themselves and their plans for the Club at a press conference on Monday.

We have been on a relentless search over the last couple of months for parties intent on and able of investing £25m - £50m into Notts County. I have said all along that for relatively little investment and the capability to build thereafter, this opportunity represents one of the best, pound for pound in football. Proposed investors have concurred with that statement and have shown intent and proof of funds in their respective quests for getting involved with Notts County.

However, the biggest challenge all along has been time and it has proved impossible to secure the major investment in the tight timeframes we have. The new owners of the Club are not of the £25m+ ilk but they do know the football business and most importantly have sufficient funds available to ensure the immediate survival of this football club and not least in view of our Court case in less than 2 weeks time. In addition they are intent and focused on promotion this season which has been the major objective from day 1.

Accordingly I am satisfied with our due diligence and that I am passing the baton over to people who can take this football club forward. Furthermore I have passed over the details of the bigger, longer term investors and with the additional time there should still be an opportunity for significant funding into the Club. It is a great Club, it will and has attracted enormous interest and I anticipate that will continue from here on.

The new owners will bring their own senior management team into the Club and accordingly Gary Townsend and I leave the Club with immediate effect.

I would like to take the opportunity of thanking the staff, the players and the supporters for the magnificent support I have received over the last few months. This Club was left in a desperate situation courtesy of Munto Finance and at the appropriate time I will reveal more information as to what happened there.

It is a sad day for me to be leaving such a great Club but I am pleased to be leaving it in such capable hands and from afar I look forward to watching the progress of Notts County FC. I will be at the Fulham game on Sunday and can think of no better stage than an FA Cup 5th Round tie against Premier League opposition to say my farewells.

Thank you again for your support.

www.nottscountyfc.co.uk/page/NewsDetail/0,,10426~1963308,00.html

[QPR Report]

BBC

Sven-Goran Eriksson leaves after Notts County takeover

Eriksson spent five years in charge of the England team
Sven-Goran Eriksson has resigned as director of football at Notts County following the club's takeover by former Lincoln City chairman Jim Trew.

Trew has paid £1 to buy the club from chairman Peter Trembling but Notts have debts which total more than £1.5m.

Eriksson has taken up an offer to continue in a non-active role as joint life president of the League Two club.

Lincolnshire-based business Trew said in a statement: "Our vision is not for the short term but for the long term."

It continued: "I know fans have been hoping for a miracle investor who will spend an astronomical amount of money for a shortcut into the Premier League.

606: DEBATE
Have your say on Trew's takeover

"Notts County Football Club is in a difficult financial position. We are here to make sure that in the short term the situation is resolved to provide a platform for the club to move forward in the long term."

Trembling, who has left the club with immediate effect, added: "We have been on a relentless search over the last couple of months for parties intent on investing £25m-£50m into Notts County.

"I have said all along that for relatively little investment and the capability to build thereafter, this opportunity represents one of the best, pound for pound in football.

"Proposed investors have concurred with that statement and have shown intent and proof of funds in their respective quests for getting involved with Notts County.

"However, the biggest challenge all along has been time and it has proved impossible to secure the major investment in the tight timeframes we have.

"The new owners are not of the £25m+ ilk but they do know the football business and most importantly have sufficient funds available to ensure the immediate survival of this football club and not least in view of our court case in less than two weeks.

"In addition they are intent and focused on promotion this season which has been the major objective from day one."

Munto's summer takeover saw promises of a five-year plan to take Notts to the Premier League.

Former England manager Eriksson was named director of football and Sol Campbell was the biggest name signing as a host of new players joined the club.

But the new backers pulled out and Trembling took over in December.

The club have since been seeking new investors and face a winding-up petition for an unpaid tax bill that still stands at more than £300,000.

Notts were given a 28-day extension by the High Court on 27 January to settle the bill.


newsvote.bbc.co.uk/sport2/hi/football/teams/n/notts_county/8511198.stm

[londonranger]

could be coming here???!!!

[Zamoraaaah]

If he turns up on Tuesday.....

[numpty66]

New manager
DoF
or no chance at all

I wonder what the answer will be