Andy Cole has revealed he rejected an offer from Sven Goran Eriksson to come out of retirement with Notts County, while defending his friend Sol Campbell's abandonment of the League Two club.
Cole also claimed the investment group funding the Notts County revolution has diverted funds away from the football project into its purchase of Formula One team BMW Sauber.
Writing in his column for the Independent, Cole said: "I ran into Sven at the England game against Croatia a couple of weeks ago and he said: 'Andy, do you fancy coming to Notts County?' I've known Sven for years, and the smile on his face made it a plausible offer but I can't be sure how serious he was because I cut him off straight away and said 'No thanks'."
Cole said the reason behind childhood friend Campbell's shock departure from Meadow Lane was "unkept promises" surrounding investment in the club.
"Sol didn't see what he assumed would be quick, significant changes during his early weeks at the club. That has raised enough doubts in his mind to get out, and quickly."
Campbell viewed the County project as a five-year blueprint taking him towards football management, Cole said.
"Sol, like me, has hopes of a career in and management," he said. "The Notts County project, as Sol initially bought into it, was about taking a bottom division club towards the Premier League, and taking him towards a management role with up to five years' hands-on experience as he worked his way up from player to player-coach."