Villas-Boas resigns from Porto job
21st June 2011 - Berko Tau
Andre Villas-Boas has resigned from his post as football manager of FC Porto, fuelling speculation that he is on the brink of becoming Chelsea's new manager.
The Portugese league winners announced the news in a statement to the Portugese Securities Market Commission.
It read: "FC Porto was today notified of the intention of Andre Villas-Boas to resign from his contract with the club by triggering the release clause immediately.
"The contract will be terminated once the required amount is paid."
This aforementioned required amount is believed to be in the region of £13.2 million.
Chelsea have been searching for a replacement for Carlo Ancelotti since his departure in May and rumours circulated yesterday regarding a potential move for Villas-Boas.
In response to the speculation, FC Porto's president Pinta Da Costa admitted that the club would be powerless to stop their manager leaving if the release clause was triggered.
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