China officially terminates cooperation with Camacho

China's soccer authority officially announced on Monday that they've decided to end the contract with national team coach Jose Antonio Camacho.

"Having consulted with related parties and informed coach Camacho, the authority made a primary decision of terminating the cooperation with the Spaniard," said a statement from the Chinese Football Association (CFA).

"Details are yet to be negotiated with Camacho," it added. "And the seeking for his successor has been initiated."

The press release came a week after the humiliating 5-1 loss of the country's national side to Thailand in a friendly, the latest in the Chinese soccer's gloom.

Fooball fans all around the country have called for the sacking of the 58-year-old former Spanish national coach.

Rumers have been around late last Friday that the CFA and Camacho had reached an agreement to part ways, saying the two sides were yet to settle on the severance package.

According to the deal between the CFA and Camacho, the sack could lead to a penalty pay of about 3 million euros.

The Spaniard was appointed in 2011 with a reported 2.8 million euros-per-year contract that should expire in August, 2014 till the Brazil World Cup.

Under camacho, China claimed a 7-2-11 record out of 20 outings. In the latest FIFA rankings, the former Asian Cup runners-up were in the 95th position, slightly up from an historically low of 109th in last March.