The Argentinian legend and ex-Al Wasl coach has accepted a position with the Dubai Sports Council.
The Gulf-funded football clubs continue to spend big money for new players as both teams get off to winning ways.
The Saudi team, which included royal family member Prince Abdullah al Saud, lost out to Britain and Netherlands in the team show jumping final.
The Kingdom is in gold medal position as it enters the last round of the team show jumping final on Monday.
Sports committees at the Olympic Games have started removing restrictions on women wearing headscarfs during competitions.
Shooter and rally driver Nasser Al Attiyah claimed the bronze in the men’s skeet competition, Qatar’s first medal in 12 years.
Qatar aims to host international events and become the sporting hub for the MENA region, the country’s Olympic Committee chief has said.
Wojdan Shaherkani had refused to take part in the judo competition if she was not permitted to wear the hijab.
Wojdan Shaherkani, one of Saudi’s two female athletes at the Olympics, will withdraw from the games over the hijab ban, her father has said.
This is the first time that the Kingdom is allowing female athletes to compete in the Olympic Games.