"The chairman shocked me this week during a meeting in Johannesburg where he confided in me in despair that he could not financially honor the option on my contract next season," Ouaddou said in a statement.
"I cannot, therefore, send a termination letter since he is the one who cannot pay his coach. So I think he unfortunately needs to be realistic and an honest man about the situation and release his coach by mutual agreement.
"My mission and my objectives have been achieved, he needs to maintain this harmonious and cordial relationship that we have maintained during these four months together."