Source: Team_Talk
Eriksson on the brink with Magpies
The Swede has been linked with being part of a management buy-out of the club involving executive chairman Peter Trembling but no discussions have taken place with Eriksson regarding such a move.[LNB]Trembling is understood to be looking for new investment to back a buy-out while Notts County's owners Munto Finance have been reported by local media to have put the club up for sale.[LNB]Whoever takes over, Eriksson will only be persuaded to stay if cast-iron guarantees of major investment for the future - with the money being put up front - are provided to allow him to keep to his five-year plan to take Britain's oldest professional club to the Premier League.[LNB]Such finance is looking increasing unlikely and the presence of Eriksson is now virtually the club's only selling point.[LNB]The former England manager however feels completely let down after promises about major investment by Qadbak, the Swiss-based company that own Munto Finance, failed to materialise.[LNB]Notts County are also facing a deadline to respond to the Football League with more details about the ownership and financing of the club.[LNB]Eriksson has given the Notts County project every chance - although on a £2million-a-year deal over five years he could have earned more in management, and has hugely enjoyed the day-to-day experience of transforming the club, who are in a play-off position in League Two.[LNB]His patience is close to running out now however and he may now look to take up other offers - including one to manage the North Korea side at next year's World Cup.[LNB]The Notts County situation highlights the perils of clubs being taken over by companies based in Switzerland or offshore where there are no rules governing transparency over ownership.[LNB]Eriksson and his advisors carried out as detailed as possible investigations into Qadbak before agreeing to join Notts County and were finally persuaded after the head of a major international bank described the company as "wholly reputable".[LNB][LNB]
