The Port-Harcourt side want to start early preparation for the new season with the unveiling of a new coach this week
The threat to disrupt Eguavoen as coach of Sharks has finally died down after he met some indigenes who assured him that all is well and he would not have any problem.
Dependable sources close to the Port-Harcourt based side told Goal.com that Eguavoen has been able to appease the indigenes who vowed to make life difficult for him if he eventually got the nod to become the coach of Sharks.
"From what I am hearing, Eguavoen will be unveiled as coach of Sharks this week all things being equal. He has been able to work his way into the hearts of the people who had said they want Ere Dokubo to remain in charge of the team.
"They have promised him that nothing will happen to him and even told him to do his best to bring back the glory days of the club.
"The assurance to Eguavoen has opened the way for Sharks to start preparation for next season."
Eguavoen is expected to turn the fortunes of the team around after a not too impressive finish in the league last season.
The management of the club are confident that they will be able to recruit good players who will take the team back to the top of the Nigeria Premier League.
Augustine Eguavoen will replace John Obuh who is the head coach of the U-20 National Team and supporters of the club have urged the team to put in their best so that Sharks can win a trophy next season.
Sharks finished last season in the seventh position with 52 points.