The Brazilian Football Confederation (BFC) has confirmed that Luiz Felipe Scolari has tended his resignation as Brazil coach, a move widely supported by the Selecao fans after Brazil's humiliating crash out of the 2014 World Cup.
It is rumoured that Scolari resigned early Monday morning in the wake of Brazil's whopping 1-7 loss to Germany and a 0-3 thrashing by Netherlands in the semi-finals and third-place playoff respectively.
SHOCK NEWS OF TODAY: Luiz Felipe Scolari resigns as manager of Brazil
— MailOnline Sport (@MailSport) July 14, 2014
Luiz Felipe Scolari resigns as Brazil coach after they finish fourth in their home World Cup. pic.twitter.com/gOCBSs7Iyk
— BBC Sport (@BBCSport) July 14, 2014
The exit of the 65-year-old, who lead Brazil to World Cup victory in 2002, was long expected following Brazil's first consecutive losses on home soil since 1940, failing to lead his nation to a record sixth trophy as Brazil settled for fourth spot in the tournament.
Scolari steps down as Brazil coach after the Selecao failed to win the World Cup on home soil
"Coach Luiz Felipe Scolari and his fellow coaching staff surrendered their resignations to the board of the Brazilian Football Confederation," read the official statement on BFC's website.
President Marin of the BFC accepted Scolari's resignation and went on to thank the Brazilian fans for their "love to the Brazilian national team throughout the World Cup campaign," as quoted in BFC's statement.
This move comes after the five-time champions suffered two embarrassing consecutive defeats; the 1-7 loss to Germany and the 3-0 defeat at the hands of Netherlands
Leading to many Brazil fans to call for the 65-year-old coach's departure
"Scolari and his entire coaching staff deserve our respect and gratitude. They were responsible for returning to the Brazilian people your love for selection, despite not having achieved our greatest goal."