The veteran Frenchman, who cited interference from officials as his reason to leave, was promptly replaced by the unknown Gilson Paulo.
Paulo's appointment has not been well received in Equatorial Guinea, with supporters deciding to back the departed Michel.
Guinea appear lower in the FIFA rankings than any other team in the competition.
Players to watch out for:
Fans of Real Madrid may be aware of Balbao, who was signed by Fabio Capello in 2005 during his stint at the Bernabeu. Despite making a few appearances in the Champions League, midfielder Balbao was unable to force his way into Capello's plans and was sold to Benfica. He is currently playing for Portuguese club Beira Mar.
Veteran defender Bodipo played no part in the qualification process, but has been called up to the squad following Michel's departure. The Deportivo centre-back has also been appointed the skipper for the tournament.
Previous best: N/A
Odds outright to win: 80/1
Sports Mole says: Group stages