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Hagi named new Galatasaray coach

* Tugay Kerimoglu appointed as his assistant

* Rijkaard left after disappointing start to season

Hagi previously coached Galatasaray in 2004-2005, when he led them to victory in the Turkish Cup. He resigned at the end of that season, when they finished third, complaining about a lack of support from the club's directors.

"Gheorge Hagi has been appointed technical director of Galatasaray...with Tugay Kerimoglu as his assistant," the club said in a statement on their website (www.galatasaray.org).

Nicknamed "The King," Hagi won Romania's all-time greatest soccer player award in 2000. Last year he founded a soccer academy on the outskirts of the Black Sea city of Constanta.

Rijkaard's contract was terminated on Wednesday by mutual agreement. The Galatasaray board met earlier in the week to discuss the club's poor start to the season after Saturday's 4-2 home defeat by Ankaragucu.

On the Istanbul stock exchange shares in Galatasaray, which rose following news of Rijkaard's departure, fell 1.4 percent on Thursday after Hagi's appointment.

The Romanian's arrival comes ahead of a key derby for the 17-times Turkish champions against Istanbul rivals Fenerbahce on Sunday.

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