Complex sentence: Despite Foolad's relegation to the second division he signed a contract extension for the next season; in May 2008, he took the reins of G.D. Interclube in Luanda, Angola.
Split into simpler sentences: Despite Foolad's relegation to the second division, he signed a contract extension for the next season. On May 2008, he took the reins of G.D. Interclube, in Luanda, Angola.