(Video) Real Madrid sack Carlo Ancelotti

Real Madrid have announced they have parted company with manager Carlo Ancelotti, after the Italian failed to deliver a trophy at the Santiago Bernabeu this season.

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The former Chelsea and AC Milan manager has paid the price for a poor season in Spain, in which they finished as runners-up to bitter rivals Barcelona in La Liga and crashed out at the Semi-Final stage of the Champions League at the hands of Serie A champions Juventus.

Defeat against local rivals Atletico in the Copa Del Rey put an end to hopes of retaining that trophy at the start of the year and defeat in El Clasico ultimately cost them a chance at winning the league.

It is a stark contrast to that of a year ago when Ancelotti was hailed as the mastermind behind Los Blancos’ 10th Champions League success last season but given the pressure that comes with the job, it is no surprise that Madrid have acted in such fashion.

Speculation will continue as to who will take the hot-seat at the Bernabeu next season, but president Florentino Perez told the assembled press he hoped to announce Ancelotti’s replacement within days.

Take a look at a clip from the press conference announcing Ancelotti’s departure:

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