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Poor results cost the job to "Zaragoza" strategist Jose Aurelio Gay.
The Spanish team has only won once this season out of 11 matches and is currently at the bottom of the national championship standings.
Gay took over as the head of the team almost a year ago, having previously worked as an assistant.
Mexican national team coach Javier Aguirre is likely to be appointed as the new "Zaragoza" strategist, with negotiations expected to take place soon.
