Real Madrid have sacked coach Carlo Ancelotti after the world's richest club by income failed to win major silverware this season and, according to local media, Napoli's Rafa Benitez is the favourite to succeed him.
"The board of directors have decided this evening to relieve Carlo Ancelotti of his duties," president Florentino Perez told a news conference on Monday.
"It was a very difficult decision ... but we have not come to Real Madrid to take easy decisions but to take decisions that we believe are the best for an institution that is a reference point around the world," added the construction magnate.
