Former England manager Sven Goran Eriksson has given Notts County a week to find new investment or he will walk out, reports the Daily Mail. Eriksson, appointed director of football in the summer, has become disillusioned by the broken promises, having been originally told he would have funds to get the League Two club into the Premier League within five years.

In a Swedish TV interview, Eriksson said: "My patience is not infinite. The situation is urgent. January 31 is the deadline to bring in new players. And if we want to be promoted, we have to have new players. Hopefully within a few days something positive will happen."

Executive chairman Peter Trembling admits that unless his talks with potential investors are successful, they 'will have some issues' as they face a winding-up order over a £600,000 tax bill.