Florentino Pérez to publicly announce Ancelotti's future in press conference today

Florentino Pérez will meet with the rest of Real Madrid's board to finally make a decision about Carlo Ancelotti's future. After that, Pérez will speak to the press at the Santiago Bernabéu to announce their decision.

Although the latest reports and surveys indicate that Real Madrid do not rule out the possibility of keeping Ancelotti,  the Italian's departure is all but confirmed. Pérez will not announce Real's next coach today as the club is still thinking about the ideal replacement for Ancelotti.

The Italian explained to the press that he will take a year off if he leaves Real Madrid, although AC Milan will likely try to sign him. Stay tuned to Managing Madrid for the immediate quotes by Florentino Pérez once the press conference starts (19:30 CET, 13:30 EST). Pérez will explain the reasons why Real Madrid decided to fire Ancelotti even though the coach has a lot of support from the fans.