Al Ahly to compensate SACKED coach Jose Riveiro with total package of $405,000

Egyptian giants Al Ahly will bear the penalty clause following the sacking of Spanish trainer Jose Riveiro on Sunday.

The Egyptian giants is currently without a club after terminating the contract of Riveiro and his technical team over a string of unimpressive results this season.

Riveiro leaves Al Ahly after just four month spell at the club. His sacking stem from the club’s 2-0 home defeat to reigning CAF Champions League holders, Pyramids FC on Saturday at Cairo International Stadium.

Having terminated Riveiro’s contract, the Egyptian powerhouse is expected to pay the release clause in his deal, which is estimated at three months of his salary, for a total of $405,000.

Meanwhile, the entire amount to be paid to Riveiro will be covered by outside funds from the club.

The leadership of the African giants will hold a meeting in the coming days to review several CVs to determine the identity of the new foreign coach.

Ribeiro, who arrived after ending his spell with Orlando Pirates failed to achieve good results during his stint short stint with Al Ahly. He was in charge when Al Ahly suffered group stage elimination from the FIFA Club World Cup in June.

Al Ahly are currently ranked 12th in the Egyptian Premier League this season, prompting the sacking of Riveiro.