Sports

Real Madrid fires coach Carlo Ancelotti, will announce replacement next week

  • FILE - In this May 13, 2015, file photo, Real Madrid's coach Carlo Ancelotti takes his place in the dugout prior to the Champions League second leg semifinal soccer match between Real Madrid and Juventus, at the Santiago Bernabeu stadium in Madrid. Real Madrid has fired coach Carlo Ancelotti, one season after he led the club to its 10th European Cup title. Club president Florentino Perez said Monday, May 25, 2015,  that Ancelotti's successor would be announced next week. (AP Photo/Daniel Ochoa de Olza, File)

    FILE - In this May 13, 2015, file photo, Real Madrid's coach Carlo Ancelotti takes his place in the dugout prior to the Champions League second leg semifinal soccer match between Real Madrid and Juventus, at the Santiago Bernabeu stadium in Madrid. Real Madrid has fired coach Carlo Ancelotti, one season after he led the club to its 10th European Cup title. Club president Florentino Perez said Monday, May 25, 2015, that Ancelotti's successor would be announced next week. (AP Photo/Daniel Ochoa de Olza, File)  (The Associated Press)

  • Real Madrid's President Florentino Perez pauses during a press conference at the Bernabeu stadium in Madrid, Spain, Monday, May 25, 2015.  Perez announced that the team's coach Carlo Ancelotti will not continue next season and the club will announce the name of his replacement next week. (AP Photo/Paul White)

    Real Madrid's President Florentino Perez pauses during a press conference at the Bernabeu stadium in Madrid, Spain, Monday, May 25, 2015. Perez announced that the team's coach Carlo Ancelotti will not continue next season and the club will announce the name of his replacement next week. (AP Photo/Paul White)  (The Associated Press)

  • Real Madrid's President Florentino Perez pauses during a press conference at the Bernabeu stadium in Madrid, Spain, Monday, May 25, 2015. Perez announced that the team's coach Carlo Ancelotti will not continue next season and the club will announce the name of his replacement next week. (AP Photo/Paul White)

    Real Madrid's President Florentino Perez pauses during a press conference at the Bernabeu stadium in Madrid, Spain, Monday, May 25, 2015. Perez announced that the team's coach Carlo Ancelotti will not continue next season and the club will announce the name of his replacement next week. (AP Photo/Paul White)  (The Associated Press)

Real Madrid has fired coach Carlo Ancelotti, one season after he led the club to its 10th European Cup title.

Club president Florentino Perez said Monday that Ancelotti's successor would be announced next week.

Madrid failed to win a trophy this season, finishing second in the Spanish league — two points behind archrival Barcelona — and losing in the Champions League semifinals to Juventus.

Speaking after a board meeting at the Santiago Bernabeu Stadium, Perez said it was time Madrid moved on and achieved "a new impetus."

Ancelotti completed two years of the three-year contract he signed with Madrid in June 2013.

Ancelotti came to Madrid from Paris Saint-Germain, where he was replaced on the same day by former France coach Laurent Blanc.