Ancelotti to replace outgoing Guardiola at Bayern

Pep Guardiola will receive a three-year contract expiring on 30 June 2019.

FILE: Pep Guardiola. Picture: AFP.

JOHANNESBURG - Pep Guardiola (44) will not extend his contract with FC Bayern München.

The German record champions' new coach from 1 July 2016 will be Carlo Ancelotti.

The 56-year-old Italian will receive a three-year contract expiring on 30 June 2019.

FC Bayern München chairman Karl-Heinz Rummenigge commented: "We are grateful to Pep Guardiola for everything he has given our club since 2013.

I am convinced that Pep and our team will now work even more intensively towards achieving our major sporting goals - especially as it is now confirmed that Pep is to leave FC Bayern."

"Carlo Ancelotti has enjoyed success everywhere as a coach and has won the Champions League three times," continued Rummenigge. "Carlo is a calm, balanced expert, who knows how to deal with stars and favours a multifaceted style of play - we were looking for this, and we have found it. We are looking forward to working with him."

Carlo Ancelotti commented: "I am very honoured that I will be coach of the great club FC Bayern from next season."