Brazilian legend Ronaldo has sacked Vanderle Luxembourgo and his entire staff at Cruzeiro.
The 45-year-old former samba star earlier this month invested £52.2 million to acquire a 51 percent controlling stake in the Serie B club.
Luxembourg has been in charge of Brazil’s team since August but the former Real Madrid boss is now looking for a new job.
Cruzeiro confirmed on Tuesday: “Since the inception of the internal audit, the Transition Committee has analyzed all operations, procedures and contracts to develop Cruzeiro’s efficient management.
“In order to adapt the accounts to the budgetary reality of the club, the Board was directed not to renew with the present Technical Committee.
“The new team will be announced in the next few days. At the same time, other prisoners are being held in the football department.
“Cruzero extends many thanks to all the professionals for their services.”
Ronaldo also owns the Spanish team Real Valladolid.
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He began his illustrious playing career at Cruzeiro in 1993 and scored 12 goals in 14 games for them before moving to Holland to sign for PSV.
He went on to play for Barcelona, Inter Milan, Real and AC Milan before returning home to finish his career at Corinthians.
Ronaldo, who scored 62 goals in 98 caps for Brazil, also won the World Cup twice.
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