The experienced trainer knows that a good result on Sunday, as well as a win the following week against Independiente, is key if he wishes to stay at La Academia
Having taken over at El Cilindro in January following the resignation of Diego Simeone, the former Boca Juniors and Argentina trainer has not enjoyed the success he expected in the club with which he lifted the 1967 Intercontinental Cup as a player. Racing have lost four of their first eight matches, and lie a lowly 14th in the Clausura standings.
Speaking two days after a 2-0 defeat away to Newell's Old Boys, 'Coco' made it clear that he needed a positive result when the club hosts their traditional rivals from Bajo Flores.
"If I lose on Sunday [against San Lorenzo], I will have to go," the veteran stated in Tuesday's press conference, also referring to the upcoming clash against arch-rivals Independiente which comes a week later.
"If I cannot take away some good results, and a good result means a win, I am going, I am saying goodbye."
Basile is currently in his fourth spell coaching Racing, after previously spending two years out of football.