Eriksson to stay at Notts County

Sven Goran Eriksson will remain as Notts County’s director of football after chairman Peter Trembling completed his takeover of the League Two club from Middle East consortium Munto Finance on Saturday.

Trembling has paid a nominal fee to the group only five months after they took control and revealed former England coach Eriksson will stay on at Meadow Lane.

Munto promised to invest millions of pounds when the consortium took over the club but former Arsenal and England defender Sol Campbell was the only high-profile arrival and he walked out after just one match.

County also had to deal with a winding-up petition issued by the High Court in November in relation to a six-figure debt accrued before Munto took over.

“I would like to thank Munto Finance for the way they have conducted the sale of the football club,” Trembling said.

“They have been responsible for changing the outlook of a club which has previously finished in the bottom six of the Football League for four times in the past five years.

“Now we cherish ambitions to secure promotion this year and deliver sustainable progress into the Championship and beyond.

“This is clearly an important day for the club and one which will hopefully draw a line under several weeks of speculation.

“I must stress, however, that a great deal more still needs to be done if we are to fulfil our ultimate objective of Premier League football.

“We have restructured the ownership of the football club in order to secure new and prolonged investment and we anticipate this will be an ongoing process.”