“When I signed I thought that everything that was said was true, but that was obviously not the case,” Eriksson said to the BBC regarding his decision to quit.
The club has recently been taken over by former Lincoln City chairman Ray Trew for the sum of £1 ($1.5) and Eriksson has decided to seek employment elsewhere as the club battles with debts of more than £1.5 million.
The announcement ends the restless Eriksson’s high-profile involvement with the Nottingham club that was one of the founder members of the English football league in 1888 – the oldest such competition in world football.
But Notts County’s glory days are firmly in its past and the arrival of Eriksson last summer, in connection with the takeover by Munto Finance, was accompanied by lofty ambitions to return the club to the higher echelons of the English league system.
Eriksson was named director of football and made a raft of new signings – the most high profile being former Arsenal and England defender Sol Campbell. Campbell however decided to part company with the club after only one game, despite signing a five-year contract.
The new backers also soon pulled out and the club narrowly staved off receivership at the end of January for an unpaid tax bill totalling more than £300,000.
Eriksson in the meantime was named in connection with the then vacant Swedish national team manager’s post. Eriksson ruled himself out of the post in October and as late as December 16th pledged his future to the club who are currently in seventh place in England’s bottom rung.
But Eriksson will not sever his contacts completely with the club as he has accepted a non-active position as joint life president.
Despite the trials and tribulations of Eriksson’s latest place of employment, his stock is reported to have risen and according to his agent he is in the running for three different jobs in world football, including the vacant post with World Cup qualifiers Nigeria.