Real Madrid have terminated the contract of manager Carlo Ancelotti

Carlo Ancelotti

Real Madrid have terminated the contract of manager Carlo Ancelotti after two seasons in charge.

Club president Florentino Perez announced the decision in a press conference on Monday as the popular Italian paid the price for a trophyless season at the Santiago Bernabeu.

"I would like to inform you that the board has taken the decision to relieve Carlo Ancelotti of his post as Real Madrid coach," Perez said.

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