Porto started the 2014–15 season with their biggest budget ever, hiring Spanish head coach Julen Lopetegui. Despite the signing of many new players, they failed to win any silverware, contributing to the biggest hiatus during Pinto da Costa's presidency. They also equalized, in terms of goals conceded, their biggest defeat in European competitions (6–1 against AEK Athens) and suffered their biggest defeat in the UEFA Champions League (6–1 against Bayern Munich, after the 5–0 loss against Arsenal in 2010). Porto continued their losing trend in the 2015–16 season, making it the second consecutive trophyless season, with the contribution of José Peseiro, who had replaced Julen Lopetegui in January 2016. After the season was over, Peseiro was replaced by Nuno Espírito Santo.