Sven Goran Eriksson has turned his back on a flood of job offers and remains "enchanted" by the vision of transforming Notts County, according to his agent Athole Still.
Still has informed Soccernet that Eriksson believes that the club will use their 28-day extension to pay off the £325,000 to HM Revenue & Customs to avoid a winding up order, and that new funding will take the project forward.
Notts County were given the extension after the High Court heard on Wednesday that the club are about to receive a £5 million cash injection. New owner Peter Trembling and director of football Eriksson have been talking to investors since December and an investment deal was finally agreed on Tuesday, although the terms of the investment, and the identity of the investor, remain confidential until final due diligence is completed within the next 28 days.
In an exclusive interview, Still revealed that Eriksson remains "enchanted" by his latest job and insisted the former England coach is not driven by money.
"If this new investment comes through then Sven will stay. There is no doubt about that," Still told Soccernet. "For so long the media have tried to portray Sven as a greedy man, out for the next chance, and that he is only in it for the money, but nothing could be further from the truth.
"What has been going on at Notts County is a perfect example. He came to Notts County attracted by the challenge of taking a club from League Two into the Premier League.
"We did our due diligence and were convinced that Sven's five year project would be supported by a wealthy Investment Trust based in the British Virgin Islands.
''As it turned out, they didn't have any money to speak of, and that came as a shock to all of us. Sven could have walked out, but he didn't. Let me tell you, because I know, that he had offers of jobs from some prominent clubs in Europe, he could have gone to a big club or taken on a national team.
"But he is a football man who has been enchanted by this challenge at Notts County. He watches the Under-14s and the U-12s and he is enjoying the new experience of working from all aspects of the club."
Eriksson's character has taken quite a pounding since he arrived in English football as the first foreign coach of the national team, with many still accusing him of being money-oriented.
Eriksson earned a healthy amount from his spell as England coach and as manager of Lazio, Manchester City and Mexico, but Still denies that it is monetary incentives that are keeping the director of football at Meadow Lane.
"The media have talked about him earning £2 million a year. He is earning a good salary for a club like Notts County but he is not on Premier League wages, not by a long way, so he is staying because he wants to."