The 49-year-old Belgian tactician took the helm in January 2022, replacing Niko Kovac, but was unable to guide Monaco to a satisfactory position in the league.
The team finished sixth, narrowly missing out on the Europa Conference League playoff round spot by a mere two points, with Lille securing the coveted place.
Clement, whose contract was set to continue until 2024, was unable to replicate the success of his first season in charge when he led Monaco to the Champions League qualifiers.
In a statement, Monaco explained their decision, stating, "The sporting performance towards the end of this season, which resulted in a lower-than-expected finish in the table, demonstrated the need for a change in leadership of the first team."
We can announce that @philippe_clemnt is no longer AS Monaco head coach.
We thank Philippe for his work and wish him all the best for the future. pic.twitter.com/vDgRaH4snr— AS Monaco EN (@AS_Monaco_EN) June 4, 2023
The club expressed gratitude to Philippe and his staff for their unwavering commitment since day one and extended their best wishes for their future endeavours.
According to reports from L'Equipe, several candidates are being considered as potential replacements for Clement. Among them are former Leeds United coach Jesse Marsch and Red Bull Salzburg's current boss Matthias Jaissle.
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