Magpies looking for new investment.
Notts County’s owner Munto Finance has put the club up for sale, reports BBC Radio Nottingham.
It is understood that Munto is already in contact with interested parties.
One option is thought to be a buyout involving ex-England coach Sven-Goran Eriksson, the director of football, and executive chairman Peter Trembling.
Munto only bought the club in July and revealed ambitious plans to transform the League Two strugglers into a Championship side within five years.
BBC Sport’s Pat Murphy explained how the next week is likely to determine whether Eriksson would remain at the club.
“Eriksson, who wants to stay, and Peter Trembling are using their worldwide contacts to attract investors now that Munto Finance have lost interest,” he said
“Eriksson would put money into the proposed takeover if it got County over the line. It would cost between £2m-3m to seal it and with gates up 250% this season and a wage bill that isn’t out of control, insiders at the club are optimistic.
“But if Eriksson and Trembling can’t pull it off, their positions at Meadow Lane would surely become untenable.”
Munto promised to invest millions of pounds when the consortium took over the club and a host of new players arrived before the close of the transfer window in August.
Former England international Sol Campbell was a high-profile early capture, but left the club after just one appearance.
Manager Ian McParland also left Meadow Lane two months later despite the fact the club were in the League Two play-off spots, to be replaced by Hans Backe, Eriksson’s former assistant with Manchester City and the Mexico national team.
Since then, Notts have stayed in the running for promotion and are just two points off the top three.
But the club have constantly been in the headlines since the summer and the Munto buyout was only ratified by the Football League in October.
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. (BBC Sport)
There is a certain amount of predictability about this one but hopefully the League Two club has enough about them to be a viable club to invest in otherwise the bubble could burst and they could find themselves back at square one hoping to not go bust.
Having brought in a dozen players in the summer at great expense the club is counting on achieving a promotion or two to help bring the world’s oldest football club back to where they arguably belong. With attendances on the up and the club performing pretty well things are looking pretty decent for the Magpies and hopefully a responsible bidder will come in to help push the club in the right direction.