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Liga MX Apertura: Serbian manager Veljko Paunovic has parted ways with Guadalajara after a year in the role, the Mexican top-flight club said.

The decision followed Guadalajara's elimination by Pumas UNAM in the quarterfinal stage of the Liga MX Apertura tournament earlier this month, reports Xinhua.

"Club Deportivo Guadalajara informs that as of today, by mutual agreement, Veljko Paunovic is no longer part of the club," read a Guadalajara statement.