Following on from some absolutely terrible performances, Leonardo Jardim was dismissed in a simple statement from the club earlier this afternoon. The clubs limited faith had been shaken recently with some of the playing performances and the style and the fans as well were not impressed with the quality of play. The statement simply read :-

"Olympiakos FC announces the termination of coach Leonardo Jardim's contract and thanks him for all his previous work. In tomorrows match against PAS Giannena, Antonis Nikopolidis will take charge of the team."

Current names being mentioned for the vacant position are Michel (ex-Sevilla) and Jose Luis Oltra (ex-Deportivo).

Arial Ibagasa has renewed his contract for a further season with the club. His statement as published on the website stated :-

Olympiakos FC announces the renewal of its partnership with Ariel Ibagasa for one year. After signing, the Argentine footballer said: "I am very pleased to renew and will face the new season with joy. We have a new coach and I want in turn to help my teammates and work very hard"

We have a manager! Leonardo Jardim was confirmed by the club earlier this afternoon as our manager for the next two years. Jardim's previous managerial experience where he performed well at FC Braga with a minimal budget and set up an attacking playing style with the club.

The message from the club simply stated, 'Olympiakos FC announced the partnership with coach Leonardo Jardim for the next two years'.