Post by QPR Report on Jan 22, 2010 6:55:20 GMT
The Times
Sven-Goran Eriksson on verge of leaving Notts County
Peter Lansley
Sven-Göran Eriksson will finally walk away from Notts County next week if the club cannot find fresh investment to stave off a winding-up order.
A source close to the former England head coach told The Times last night that if one of three interested consortiums is unable to close an immediate deal to stem debts of £1.5 million at Meadow Lane, and to help to finance the club’s promotion plans, then he will leave. “Then there is no project,” the source said.
The Swede has shown more patience than many sceptics expected, even after Hans Backe, his compatriot and own choice as manager, resigned last month because of the increasing off-field uncertainty. Eriksson rejected the chance to coach Sweden and turned down the opportunity to become the technical consultant for North Korea at this summer’s World Cup finals, but it is thought that he has received a fresh offer from another nation competing in South Africa.
Peter Trembling, the chief executive, led a management buyout for a nominal £1 last month from Munto Finance, the ill-fated Middle East consortium that took charge at the world’s oldest Football League club last June, luring in Eriksson as director of football with the ambitious brief of guiding them up into the Coca-Cola Championship. Trembling has been conducting a pan-European search for fresh investment and a group of Norwegian businessmen offered fresh hope this month, but yesterday he was locked in talks with his financial advisers as the situation became urgent.
Related Links
Football in brief: Eriksson still aiming high
Eriksson pledges future to Notts County
County in turmoil after Backe departure
With a High Court hearing pending on Wednesday, over an unpaid £600,000 bill from Revenue & Customs, time is running out. The source at Meadow Lane said there were “two or three” other parties who could bail out the club, already under a transfer embargo, but they will have to act fast. County’s cashflow has been dented by the severe weather that has meant the team, under the caretaker charge of Dave Kevan, had played only one home game in seven weeks before Tuesday’s FA Cup third-round replay victory over Forest Green Rovers.
That match yielded the club £67,000 and, in their first appearance in the fourth round for 14 years tomorrow, the visit from Wigan Athletic should secure another £97,000. “It’s a fantastic occasion for us,” Kevan said. “Hopefully people will be talking about Notts County for footballing reasons.”
www.timesonline.co.uk/tol/sport/football/football_league/article6997553.ece
Sven-Goran Eriksson on verge of leaving Notts County
Peter Lansley
Sven-Göran Eriksson will finally walk away from Notts County next week if the club cannot find fresh investment to stave off a winding-up order.
A source close to the former England head coach told The Times last night that if one of three interested consortiums is unable to close an immediate deal to stem debts of £1.5 million at Meadow Lane, and to help to finance the club’s promotion plans, then he will leave. “Then there is no project,” the source said.
The Swede has shown more patience than many sceptics expected, even after Hans Backe, his compatriot and own choice as manager, resigned last month because of the increasing off-field uncertainty. Eriksson rejected the chance to coach Sweden and turned down the opportunity to become the technical consultant for North Korea at this summer’s World Cup finals, but it is thought that he has received a fresh offer from another nation competing in South Africa.
Peter Trembling, the chief executive, led a management buyout for a nominal £1 last month from Munto Finance, the ill-fated Middle East consortium that took charge at the world’s oldest Football League club last June, luring in Eriksson as director of football with the ambitious brief of guiding them up into the Coca-Cola Championship. Trembling has been conducting a pan-European search for fresh investment and a group of Norwegian businessmen offered fresh hope this month, but yesterday he was locked in talks with his financial advisers as the situation became urgent.
Related Links
Football in brief: Eriksson still aiming high
Eriksson pledges future to Notts County
County in turmoil after Backe departure
With a High Court hearing pending on Wednesday, over an unpaid £600,000 bill from Revenue & Customs, time is running out. The source at Meadow Lane said there were “two or three” other parties who could bail out the club, already under a transfer embargo, but they will have to act fast. County’s cashflow has been dented by the severe weather that has meant the team, under the caretaker charge of Dave Kevan, had played only one home game in seven weeks before Tuesday’s FA Cup third-round replay victory over Forest Green Rovers.
That match yielded the club £67,000 and, in their first appearance in the fourth round for 14 years tomorrow, the visit from Wigan Athletic should secure another £97,000. “It’s a fantastic occasion for us,” Kevan said. “Hopefully people will be talking about Notts County for footballing reasons.”
www.timesonline.co.uk/tol/sport/football/football_league/article6997553.ece