Real Madrid's Italian coach Carlo Ancelotti was sacked on Monday night. AFP PHOTO / PIERRE-PHILIPPE MARCOU
Real Madrid's Italian coach Carlo Ancelotti was sacked on Monday night. AFP PHOTO / PIERRE-PHILIPPE MARCOU

Real Madrid sack manager Carlo Ancelotti after season without major trophy



Real Madrid have sacked coach Carlo Ancelotti after the Spanish giants failed to win any major silverware during the 2014/15 campaign.

Ancelotti led Real to their 10th European Cup success last season but was shown the door after they finished runners-up to Barcelona in the Primera Liga and lost to Juventus in the semi-finals of the Uefa Champions League.

Real president Florentino Perez held a meeting with Ancelotti on Monday afternoon where he told the former AC Milan, Chelsea and Paris Saint-Germain boss, who had one year left on his contract, that his services were no longer required.

“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 at a news conference.

“It was a very difficult decision to make; the demands at this club are the utmost because Madrid always wants to win silverware.

“The affection that the players and the fans have for Carlo is the same as the affection I myself have for him. What did Ancelotti do wrong? I don’t know. The demands here at Real Madrid are very high.”

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Ancelotti won the Champions League and Copa del Rey in his first season in charge at the Bernabeu, as well as the Uefa Super Cup in August 2014 before securing a fourth trophy when he guided them to Fifa Club World Cup glory in December.

But rumours of Ancelotti’s departure began to surface soon after Juventus ended their hopes of becoming the first side to win back-to-back Champions League crowns earlier this month, and his departure means Perez has now fired nine coaches in his 12-year stint as club president.

Napoli manager Rafael Benitez, outgoing Borussia Dortmund coach Jurgen Klopp and current Real reserve team coach Zinedine Zidane are among the favourites to replace Ancelotti, and Perez revealed that the Italian’s successor will be confirmed next week.

“With our great team, talent and hard work, we will be able to give satisfaction and happiness to our fans and our members,” he said.

“I want to publicly say thank you to Carlo Ancelotti for these two years, for his hard work and all his affection, and tell him this is still his house and his home.

“Next week, we will know the name of the new manager of Real Madrid.”

Top replacements for Carlo Ancelotti at Real Madrid

ZINEDINE ZIDANE

The Galactico is already part of the coaching staff at the Bernabeu and is highly thought of by president Florentino Perez. But it could be a gamble for his first job in management to come with the 10-time European champions.

RAFAEL BENITEZ

The former Liverpool manager is out of contract after two years at Napoli. He began his coaching career at Real and is not short of confidence. He may not be a popular appointment, but he did well at Chelsea as an unwelcome interim boss.

JURGEN KLOPP

The German leaves Borussia Dortmund this summer after a hugely successful seven-year spell. His signature will be coveted, with Liverpool a possible destination should they part ways with Brendan Rodgers, but Real would surely match his ambition.

JORGE JESUS

Should Real opt for another Portuguese, after Jose Mourinho, they may go for Jesus. He has impressed in leading Benfica to back-to-back Portuguese league titles and would likely welcome the opportunity to test himself in Madrid.

UNAI EMERY

The Spaniard could yet lead Sevilla to a second successive Europa League title and, with it, qualification for the 2015/16 Champions League. Emery has been linked with a move to Milan, but Madrid would surely appeal more.

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Why it pays to compare

A comparison of sending Dh20,000 from the UAE using two different routes at the same time - the first direct from a UAE bank to a bank in Germany, and the second from the same UAE bank via an online platform to Germany - found key differences in cost and speed. The transfers were both initiated on January 30.

Route 1: bank transfer

The UAE bank charged Dh152.25 for the Dh20,000 transfer. On top of that, their exchange rate margin added a difference of around Dh415, compared with the mid-market rate.

Total cost: Dh567.25 - around 2.9 per cent of the total amount

Total received: €4,670.30 

Route 2: online platform

The UAE bank’s charge for sending Dh20,000 to a UK dirham-denominated account was Dh2.10. The exchange rate margin cost was Dh60, plus a Dh12 fee.

Total cost: Dh74.10, around 0.4 per cent of the transaction

Total received: €4,756

The UAE bank transfer was far quicker – around two to three working days, while the online platform took around four to five days, but was considerably cheaper. In the online platform transfer, the funds were also exposed to currency risk during the period it took for them to arrive.


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