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Eriksson turns down 1860 Munich job

1860 Munich had announced the deal with the Swede officially on Tuesday in a bid to improve their promotion chances.

"Sven-Goran Eriksson has informed the club after some time he took to consider that he will not be accepting the offer," it said in a statement.

"Since the first contact with the club in November there has been some time that has gone by and we all know how fast things move in the professional football," Eriksson said in the statement. "That is why I ask all those involved to respect my decision."

One of the founding members of the Bundesliga and the city's most successful club before the arrival of Bayern in the mid 1960s, 1860 have been reduced to a minor role, currently playing in the second division.