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Mourinho declines Sh2.716b pay-off to quit

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MOURINHO-QUITSMADRID, Spain, May 21 – Jose Mourinho will leave Real Madrid at the end of the season after a turbulent three-year spell in charge of the Spanish giants, club president Florentino Perez confirmed last night.

“After the conversations we have had with our coach Jose Mourinho we have arrived at an agreement to end our working relationship at the end of this season,” Perez told a press conference.

“The coach and the club agreed this is the right moment. I want to thank Jose Mourinho for the work he has done in the last few years.”

Mourinho, who has been strongly linked with a return to Chelsea – a team he managed between 2004 and 2007, has endured a torrid final season in charge of Los Blancos culminating in Friday’s defeat by Atletico Madrid in the Copa del Rey final that ensured Real end the season without a major trophy.

However, Perez denied that Mourinho had been sacked by the club and said they will not have to pay the Portuguese coach compensation pegged at 17 million pounds despite the fact his current contract runs until 2016.

“No one has sacked anyone, it has been a mutual agreement,” Perez said.

“It is not nice for anyone to have to leave but it is also true that after three years we both decided it was the right moment to break this relationship.”

And despite rumours linking Paris Sant-Germain boss Carlo Ancelotti with the manager’s job at the Bernabeu, Perez also claimed he has not reached an agreement with any coach to succeed Mourinho.

“I want to clarify that we have not established any agreement or pre-contract with any coach. This is a job we have ahead of us in the coming days,” he said.

“I want to show my maximum respect to PSG, their president and all the clubs.”

The 50-year-old Mourinho’s time in charge of the nine-time European champions has been littered with high profile bust-ups with the local media and many of his stellar squad of world class players, but Perez hailed his demanding standards throughout his time in charge.

“He is a very demanding coach, with himself and with the rest and this wears you down,” he said.

“The important thing is that we have recovered the level that we didn’t have before.”

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