Carlo Ancelotti has been sacked by Bayern Munich after their defeat to Paris St-Germain in the Champions League.
Wednesday's 3-0 defeat to PSG was followed by a board meeting on Thursday and the decision was made to part company with the manager who had led Bayern to the Bundesliga title last season.
The game in Paris showed clearly that we had to take action.Karl-Heinz Rummenigge
He replaced Pep Guardiola at the start of last term and, though he did win the league, his side failed to progress beyond the quarter-final stage in the Champions League while they lost in the semi-finals of the German Cup.
This season they currently sit third in the league. Ancelotti's assistant Willy Sagnol will take temporary charge of the team, starting with an away game against Hertha Berlin on Sunday.
Bayern are 1/1 to win that game with Berlin 1/1 and the draw priced at 1/1.
Bayern's Chief Executive, Karl-Heinz Rummenigge explained the decision to part company with Ancelotti, saying: "The team's performances since the start of the season have not matched the expectations that we set. The game in Paris showed clearly that we had to take action.
"Carlo is my friend and will remain so, but we needed to take a professional decision for the good of Bayern Munich. I now expect a positive improvement from the team and a total willingness to perform, so that we can reach our objectives for this season."
Pressure had grown on Ancelotti since the end of last season when they won only 11 of their last 21 matches in all competitions.
This campaign has followed a similar inconsistent pattern with one defeat and a draw in their first six Bundesliga games followed by the defeat to PSG in Europe.
His sacking brings a temporary end to a 20-year managerial career which has seen Ancelotti win Serie A, the Premier League, Ligue 1 and the Bundesliga while in charge of Milan, Chelsea, PSG and Bayern respectively.
He has also won the Champions League three times as a manager, twice with Milan and most recently with Real Madrid in 2014.
Bayern are 1/10000 to win this season's Bundesliga with Borussia Dortmund at 4500/1.
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