Former Orlando Pirates head coach Milutin Sredojevic is now one of the highest paid coaches in Africa, according to Zamalek president Mortada Mansour.
Sredojevic, 49, tendered his resignation at Pirates on the eve of their MTN8 clash against Highlands Park last Friday, citing personal reasons for ending his two-year stay.
But the Serbian tactician was quickly roped in at Zamalek, with the Mansour confirming his arrival less than 24 hours after the shock announcement.
Upon his official unveiling he stated the move to the five-time CAF Champions League winners was a 'dream' move, as he accepted a one-year deal with the White Knights.
And details of his lucrative contract have seemingly been revealed with the eccentric club boss speaking to Egyptian media on Thursday.
"Micho signed a one-season contract for US$1.2-million (R18m). The contract includes a release clause stipulating a compensation worth two months of the coach’s salary‚" Mansour said.
Mansour has often been subject of exagerrated statements in the past and has often lied directly to media, as was the case when he announced Aleksandar Stanojević as the new manager last week.
Only to backtrack on the decision a day later, claiming it was a 'test to see who the club's enemies are'.
However, Micho who became the club's 16th permanent head coach in five years, reiterated that the lure of the North African giants was an offer he simply could not refuse.
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"I’m very delighted to lead Zamalek. I have worked in coaching on the African continent since 2001. I always try to perform well and achieve positive results where I work‚" he said.
"I will be assisted by two Serbian coaches‚ one of them is for the goalkeepers. I will offer my best performance to Zamalek‚ and the players’ high quality will help me. With spirit‚ determination and commitment I can achieve everything.
"I would like to thank Orlando Pirates‚ but coaching Zamalek is a dream for anyone."