The Italian coach has been widely expected to leave the Santiago Bernabeu this summer after a disappointing end to the 2014-15 season, which saw Madrid lose out to Barcelona in the Liga title race and exit the Champions League at the semi-final stage at the hands of Juventus.
The reigning European champions have now confirmed they have parted ways with the man who delivered La Decima to the club.
Madrid president Florentino Perez said: “I want to tell you that we have decided to relieve Carlo Ancelotti of his duties as Real Madrid coach. It’s been a very difficult decision for the board but as I always say, we haven’t come here to take the easy decisions but the best decisions for the institution.
“Carlo Ancelotti in these two years, has won the affection of the board and my personal affection and that of the fans. Carlo is part of our history. But as we all know, in Madrid the demands are great. We think it’s time for a new impulse which can allow us to win new titles and achieve our maximal level of competitiveness.
“With our great team, talent and hard work we can give satisfaction and success to our fans. I want to thank Carlo for his hard work in the last two years and tell him this is still is house and home. Next week we will know the name of the new coach of Real Madrid.”
Ancelotti delivered four trophies at Madrid in a remarkable 2014, as the Blancos won the Copa del Rey, Champions League, European Super Cup and Club World Cup.Real Madrid boss Carlo Ancelotti has all but confirmed his departure from the club, revealing that he intends to take a year out of the game for health reasons.
The coach, who has been allegedly approached by agents from the San Siro (AC Milan’s home) has turned them all down.
“I can assure you that I have not lacked opportunities, from Italy, England and Germany,” the 55-year-old told Il Giornale. “And I will not lack [offers] between now and next year.
“But I said it in the press conference and I repeat: I will stop for a year, also because I have to have an operation because of my cervical stenosis. For some time, it has been affecting my hands and if I lose any more time, it could pass into legs, so I have an appointment for surgery and, frankly, I do not know how long I have to be physically stopped, in terms of the post-operative phase and the subsequent rehabilitation,” he said hours before his sack was announced.