How much Vitor Pereira’s release clause is and when he could be named new Wolves manager
Wolves are preparing to announce a new manager shortly, following Gary O'Neil's dismissal this past Sunday.
Gary O'Neil was let go from his position the day after Wolves' defeat to Ipswich Town in the Premier League, catching many fans off guard.
This is because just a few days before, Fosun had openly supported Gary O'Neil.
However, following the loss to Ipswich, there has been a significant shift in perspective, and Wolves are now actively searching for a replacement.
Wolves have started discussions with Vitor Pereira, and we've received some details about the financial implications of bringing him on board.
Vitor Pereira To Cost Wolves Around £830,000
Since Vitor Pereira is currently coaching Al-Shabab in the Saudi Pro League, Wolverhampton will have to pay to secure his services.
Journalist Ben Jacobs has received some details about the amount of money that needs to be paid.
He mentions on X: "It's important to note that Vitor Pereira's release clause with Al-Shabab is approximately €1 million."
€1 million is roughly equal to about £830,000.
At the moment, the exact amount that Wolves have compensated Gary O’Neil remains unknown. However, recent reports suggest that the compensation clause in O’Neil's new contract with Wolves is roughly equivalent to that of his initial contract.
As for when this management position might be finalized, talkSPORT's Alex Crook has indicated that the deal could be completed by the middle of next week. He mentioned on X: "I’ve been informed that the Pereira appointment could be officially announced as soon as next week."
Wolves Need Pereira On Board ASAP
Getting rid of O'Neil was a decision that should have happened a while ago, and now the Wolves really need to bring Pereira on board as soon as possible—assuming he is indeed their preferred candidate.
Wolves will face Leicester City on Saturday, and it's crucial for the new manager to spend as much time as he can with his players before this match.
Wolves supporters believe that the choice to let O'Neil go was made too late and that the team is likely facing a tough season ahead.
With any luck, Pereira will take on the challenge, gain the players' support, and motivate the team to deliver performances that will make fans proud.
