German giants FC Bayern Munich announced on Sunday that coach Pep Guardiola has decided not to extend his contract with the Bundesliga side and that Italian star coach Carlo Ancelotti would take over the reigns next season.
Bayern Munich released following release to communicate the news:
Pep Guardiola (44) will not extend his contract with FC Bayern München. The German record champions’ new coach from 1 July 2016 will be Carlo Ancelotti. The 56-year-old Italian will receive a three-year contract expiring on 30 June 2019.
FC Bayern München chairman Karl-Heinz Rummenigge commented: “We are grateful to Pep Guardiola for everything he has given our club since 2013. I am convinced that Pep and our team will now work even more intensively towards achieving our major sporting goals – especially as it is now confirmed that Pep is to leave FC Bayern.”
“Carlo Ancelotti has enjoyed success everywhere as a coach and has won the Champions League three times,” continued Rummenigge. “Carlo is a calm, balanced expert, who knows how to deal with stars and favours a multifaceted style of play – we were looking for this, and we have found it. We are looking forward to working with him.”
Carlo Ancelotti commented: “I am very honoured that I will be coach of the great club FC Bayern from next season.”