Pellegrini new Real Madrid coach

June 2nd, 2009 - 2:40 pm ICT by IANS  

Arsenal Madrid, June 2 (DPA) Spanish giants Real Madrid announced late Monday night that their new coach will be Manuel Pellegrini.
An announcement on the club’s official website states that the Chilean coach has agreed to a two-year contract with Real.

Real have not said how much they have paid Villarreal - where Pellegrini was under contract until 2010 - but Spanish media claim that the compensation fee is around 4 million euros ($5.66 million).

Pellegrini, 55, has guided Villarreal to a fifth-placed finish this season. He took them into the Champions League twice in his five-year spell at the “Yellow Submarine”, reaching the semi-finals in 2006 and the quarter-finals this season, losing to Arsenal on both occasions.

Pellegrini will take over from Juande Ramos, who guided Real to second place this season, nine points behind all-conquering champions Barcelona.

Earlier Monday, Florentino Perez took over as Real president, because none of the other candidates for the post had managed to give bank guarantees for 15 percent of the club’s budget, as the rules of the club stipulate.

Perez - who was president from 2000 to 2006 - announced that three former Real stars will be working with him: Jorge Valdano as general director, Miguel Pardeza as sporting director and Zinedine Zidane as special adviser to the president.

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