Fiorentino Perez confirms Carlo Ancelotti's sacking

How do you feel about Carlo Ancelotti's sacking? pic.twitter.com/5gzUGfe6kE
— Sportskeeda (@Sportskeeda) May 25, 2015

Perez thanks everyone attending the press conference and exits.

Perez: I remember Mourinho was here as well and there have been many managers here and at other clubs as well. The managers are always under scrutiny

Perez: I am not saying anyone's guilty (for a trophyless season), but the position of a manager is always under scrutiny and they suffer with the times

Perez: During the season, we've had a good relationship. But, I have never influenced the manager's on-field decisions

Perez: After 2 years, I think the demands at Real Madrid.. It is time for a change and we have evaluated the decision and taken this step

Perez: The players backing the manager before is a very nice gesture

Perez: Whatever the players said (about backing Carlo) is because of the affection they have for Ancelotti, the same the fans have for him and the same I have

Perez: We analyzed everything. But, this is not an easy job and we felt it was the right time for a change

Perez is now taking questions from the press

FP: We will come to know the name of the new manager next week.

FP: I want to thank Carlo Ancelotti for his contribution. He will always have a home here

FP: But, at Real Madrid the demand is high and we will carry on

FP: Carlo Ancelotti has earned mine and the fans' affections. He is a part of our history

FP: We are here at Real Madrid not to take easy decisions

FP: This has been a very difficult decision for the board

FP: I have to tell you we have decided to relieve Carlo Ancelotti of his duties as Real Madrid manager

FP: Good afternoon everyone and welcome to the Bernabeu

Mr Perez is here

We are ready. pic.twitter.com/IZajlmy9JS
— SocialRMadrid (@SocialRMadrid) May 25, 2015

The Board of Directors have arrived

And we're LIVE! Waiting for Fiorentino Perez to appear

Florentino Pérez will hold a press conference at 8pm CEST following the meeting of the Board of Directors. pic.twitter.com/Luq8XvU78a
— Real Madrid C.F. (@realmadriden) May 25, 2015

Link to press conference: http://t.co/Si9AgwC08x
— SocialRMadrid (@SocialRMadrid) May 25, 2015

Florentino Pérez comparecerá a las 20:00 horas | Real Madrid CF

MARCA | Perez has been President for 12 years and has had 8 coaches :Del Bosque, Queiroz, Camacho, Luxembourg, Caro, Pellegrini, Mou and CA.
— SocialRMadrid (@SocialRMadrid) May 25, 2015

Ancelotti: "I said it in the press conference and I repeat: I will stop for a year if I don't stay at Real Madrid."
— SocialRMadrid (@SocialRMadrid) May 25, 2015

Real Madrid president Florentino Perez calls a press conference for this evening, Carlo Ancelotti set to be sacked pic.twitter.com/PVO8w3LchG
— Bleacher Report UK (@br_uk) May 25, 2015