Gerardo Martino Resigns as Argentina's national team coach Tuesday July 05,2016

Gerardo Martino has resigned as Argentina's national team coach, citing the financial chaos enveloping the Argentine Football Association and lack of preparedness for the upcoming Olympics.

Argentina moved quickly to name a new coach for the 2016 Rio de Janeiro Olympics scheduled to be held from Aug 05,2016

The Argentine Football Association announced on Tuesday July 05,2016 that Martino, who had coached the team since August 2014, had stepped aside. He took over after the loss to Germany in the 2014 World Cup final and lost to Chile in the Copa America finals of 2015 and 2016.

His departure was another blow to the national team after the shock international retirement of star player Lionel Messi after the latest Copa defeat

Juan Sebastian Veron, president of the Estudiantes club, confirmed that Julio Olarticoachea, who was a defender on the Argentine squad that won the 1986 World Cup and has been coaching the country's youth teams, would replace Martino in leading the Olympics team.