Chelsea target Andre Villas-Boas hands in resignation to Porto

By Jeremy Wilson12:02PM BST 21 Jun 2011Comments There had been a minor stand-off in negotiations last night when Porto made it clear to Chelsea that they would only be prepared to negotiate once the release clause had been fully paid. Chelsea were hoping to open talks first and come to some sort of compromise on the compensation, but it now appears that Villa-Boas is prepared to push the situation forward. "FC Porto was today notified of the intention of Andre Villas-Boas to resign from his contract with the club by triggering the release clause immediately," read a Porto statement."The contract will be terminated once the required amount is paid." Chelsea have been hopeful of making an announcement on their new manager within the next 48 hours and it is increasingly likely that they will be able to confirm Villas-Boas's appointment either today or tomorrow. Related Articles

Source: Telegraph