Atletico Madrid part ways with Bianchi

Atletico Madrid have fired coach Carlos Bianchi following their elimination from the King's Cup, club president Enrique Cherry said on Thursday.

The decision was taken after a meeting between the board of directors and the Argentine manager where they reached an agreement to terminate the contract, Cherry told a press conference held at Vicente Calderon.

Atletico lost to Real Zaragoza 1-0 in the second leg of the King's Cup round of 16 on Wednesday to exit the competition.

The result completed a miserable season for the capital-based side who are placed 12th in La Liga standings with 20 points from 18 matches.