Fran Escriba has reached an agreement with Elche to rescind his contract and intends to say goodbye to the club’s fans in a press conference on Thursday.
The Valencian manager, who still has two years to run on his deal, could now move to another La Liga side. He would have had to pay one million euros to break his contract if Elche were in La Liga and 100,000 if they were in La Segunda, but as the debt the club has with him is superior (five months without pay this season, plus bonuses still owing) they have not offered up to much resistance.
Escriba arrived at Elche in 2012 and in his first season he led them into La Liga as La Segunda champions, breaking various club records. In his second season, he kept them in Spain’s top flight. Last season, despite economic restrictions and instability, he once again kept them among the elite, securing safety with three weeks to go.
Under his orfers, Elche’s season away from home was the best in their 21 years in the top flight. On top of that, he leaves the club as the manager to have taken charge of the second most games at the club (76), only topped by Otto Bumble, who managed the side in the 1960s.
It is now expected that Escriba will take up an offer to remain in the Primera Division with Madrid-based side Getafe. As for Elche, whether their financial problems will see them relegated to La Segunda will be decided by the courts.
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