skip to content

Trembling: Sven will leave if no funds

More

05 Jan 2010 16:37:58

Trembling: Sven will leave if no funds

Executive chairman Peter Trembling expects Sven-Goran Eriksson to leave Notts County if the League Two club fail to attract multi-million pound investors.

The Magpies are looking for a cash injection to solve their latest crisis having been served with a second winding-up petition from HM Revenue and Customs.

Trembling admits director of football Eriksson would leave Meadow Lane should the club be unable to broker investment between £25-50million but he is confident it will not come to that.

"It would be a huge disappointment if it doesn`t because we are some way down the process and if we don`t get serious investors, Sven will leave," Trembling told Sky Sports News.

Trembling currently controls County`s finances after performing a management buy-out last month when he purchased the club for £1 from Swiss-based Middle East consortium Munto Finance.

Trembling insists talks with three prospective investors are at an advanced stage and Press Association Sport understands that one party is Norwegian telecommunications giant Ludo.

"When we started talking to investors we said there was always going to be a two scenario process. Somebody would either come in with a lower investment of £3-5million just to keep the club sustainable and enable us to move on slowly from there, but the reality is in order to keep Sven here, and Sven`s plan all along has been to take the club into the Premier League, we need a minimum of £25million investment.

"I think it`s £25million to get to the Championship and probably the same again to push on to the Premier League.

"The three serious investors we are talking to at the moment are of that ilk. We are in protracted discussion with each one of them and we need one of them to get over the line and I expect that to happen. He`s been offered jobs all the time - every day. He`s one of the best coaches in world football so that is going to happen and as one of the best coaches in world football he should be paid accordingly.

"Certainly, as a football club with our operations we can`t pay Sven the salary he would expect as one of the best coaches which is why a serious investor needs to come in and augment that £25-50million with a proper salary for Sven."


PA

Sponsored links

Facebook comments