The Egyptian Football Association have officially ended their pursuit of Cote D’Ivoire coach Herve Renard for the Egypt national team.

The Egyptian authorities could not come to an agreement with the 2015 Africa Cup of Nations (AFCON) winning coach due to failed financial negotiations.

The Frenchman became the first coach to win the Nations Cup with two different national teams, taking the title in 2012 with Zambia and then this year’s continental flagship competition in Equatorial Guinea with the Ivorians.

Egyptian FA vice president Hassan Farid spoke about the fact that there were talks for Renard to become the man at the helm of the Pharaohs, to replace Shawky Gharib, who left the post in November.

“We were in talks with Renard during the African Cup of Nations and he initially asked for €50,000 as a monthly salary. But after winning the cup and receiving offers from the Gulf he wanted €85,000 in addition to €20,000 for his assistants,” Farid said, according to AhramOnline.

“It means that the coaching staff will cost us one million Egyptian pounds per month, in addition to providing accommodation and a car and that is beyond our capabilities,” he revealed.

The Egyptian FA was keen to bring on a foreign coach and they had revealed a shortlist of five candidates that they were considering. Renard, Georges Leekens from Belgium, German Uli Stielike, Frenchman Alain Giresse and Frank Rijkaard from the Netherlands were the five men in the picture.

But Farid has revealed a change in their original thoughts on a foreign coach, and a return to a focus on a local head, with former coach Hassan Shehata likely to fit the mould.

“Leekens renewed his contract with Tunisia and Stielike wants to remain with South Korea. Giresse and Rijkaard (both free agents) are still available but personally I think an Egyptian coach would be better,” Farid mentioned.

“We need a coach with African experience and a good knowledge of Egyptian football and in that matter I think Shehata is better than Giresse and Rijkaard. They would need time to put the players through their paces and that might be a problem due to our current situation,” he said.