Carlo Ancelotti has resigned as manager of Real Madrid this afternoon, after refusing to work with such a small budget for the coming season. He told Spanish media source MARCA that he would have expected a club with a stature such as Real Madrid's to have enough money to make a few good improvements.
He was spotted leaving the club offices earlier looking "angered and spoiling for an argument" according to an insider at the club. The Spanish giants will be left in the temporary care of current assistant manager Zinedine Zidane, who is a legend in the world of football. The club president Florentino Pérez has issued a statement, telling fans that the club is searching for a replacement manager, and hope to have secured a name in the next week. He has also acted quickly to reassure Zidane that his position as an assistant manager is safe for the coming season, and in the unlikely event that the incoming manager have a problem with that, a club meeting will be called, with Zidane getting the benefit of the doubt unless it is an extreme case.