Kylian Mbappe, who is the majority shareholder at Ligue 2 club Caen, has been criticised for sacking the head coach.
Mbappe completed the takeover of the Ligue 2 side on 31 July last year shortly after completing his move to Los Blancos on a free transfer.
The French forward's company Interconnected Ventures purchased a majority stake in the club and pumped a reported €15 million of his own money into the club.
Read: Real star 'demands' to earn the same as Mbappe
Caen have slipped to 16th spot on the Ligue 2 table and the management have decided to sack coach Nicolas Seube on Sunday.
Former Caen defender Brahim Thiam claims everything changed when majority of the club was sold to the Mbappe family.
"It's as if we kicked Nicolas Seube in the butt by telling him: go away! In fact, it's just disrespectful," Thiam told France Bleu.
"I'm not saying that Nicolas Seube, through his time at the club had a totem of immunity because the results are not good. But I don't even take that into account. I'm just wondering: is this the new Malherbe? Is it forgetting a little bit the history, the values of this club? This decision doesn't surprise me.
"I don't have the words to describe it. I call it a rag against a guy who deserves a big hat tip and who, perhaps, everyone will talk about to their children and grandchildren. Because I think that Nicolas Seube is probably the emblematic player of the last 30 years at Caen.
"I think that from the moment Pierre-Antoine Capton (the chairman of the club's supervisory board) sold 80% of the club's shares to the Mbappe family, Nicolas Seube's future was dotted. That's my personal conviction. The future would not have been made with him."