Monday, May 20, 2013
REAL MADRID ANNOUNCES MOURINHO'S EXIT
Spainish club Real Madrid have announced that head coach Jose Mourinho will leave the club at the end of the season after three years in charge of Los Blancos
President Florentino Perez revealed the decision at a packed news conference.
Madrid's directors called an emergency meeting to discuss the future of the club's managerial helm followed by a press conference to announce Mourinho's departure.
He said: 'The club and the manager agree that the timing is right to bring our relationship to an end.
'On behalf of the directors, I would like to thank Jose Mourinho for his hard work over the last three years.
'We've come to this decision just now although it's something that's been in the back of our minds for some time.
'We have no pre-contracts signed with any manager. It's something we have to look at in the next couple of days.
'We're not happy about it but we all agree that the timing is right, and I'd like to thank him for his work.'
Perez also declared that Mourinho would not receive any compensation for leaving the club, therefore forgoing the £17 million clause in the coach's contract in the event he was sacked.
The Real president also revealed he would be seeking re-election in his positions, for which elections open on June 3. Perez is the man who brought back the 'galacticos' era to the club.
The fifty years old former Chelsea coach who has been linked with a return to the Stamford Bridge, won the league and Copa del Rey at Madrid.
Real are currently 13 points behind Barcelona in the league and were beaten by city rivals Atletico in the Spanish Cup final last Friday.
The Spainish giant who also lost in the semi-finals of the Champions League in each of their three seasons under Mourinho have two games left this season