Chelsea FC have parted company with manager Carlo Ancelotti following the end to the west London club's first campaign without a trophy in three years.
The Blues made the announcement a few hours after losing 1-0 at Everton FC on the final day of the Premier League season. Appointed in July 2009, Ancelotti steered Chelsea to a maiden league and FA Cup double in his debut campaign, but this term the Stamford Bridge outfit went out of both domestic cups early and finished second behind Manchester United FC, to whom they also succumbed in the UEFA Champions League quarter-finals.
In a statement published on their website, Chelsea said: "This season's performances have fallen short of expectations and the club feels the time is right to make this change ahead of next season's preparations. Carlo will always be welcome at Stamford Bridge, where he will be given the reception and respect his position in our history deserves.
"Chelsea's long-term football objectives and ambitions remain unchanged and we will now be concentrating all our efforts on identifying a new manager."
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