Guardiola confirmed as next City manager

Manuel Pellegrini to step down at the end of the season

City have confirmed that Pep Guardiola will take over as head coach this summer, with a fully supportive Manuel Pellegrini stepping down as manager.

Pellegrini informed reporters of his decision at tday's press conference ahead of the game at Sunderland, stating "I want to tell you I have talked with the club and I will finish my contract on the original date".

A statement issued by the club said: “Manchester City can confirm that in recent weeks it has commenced and finalised contractual negotiations with Pep Guardiola to become MCFC Head Coach for the 2016/17 EPL season onwards.

“The contract is for three years. These negotiations were a re-commencement of discussions that were curtailed in 2012. Out of respect for Manuel Pellegrini and the players, the Club wishes to make its decision public to remove the unnecessary burden of speculation.

“Manuel, who is fully supportive of the decision to make this communication, is entirely focused on achieving his targets for the season ahead and retains the respect and commitment of all involved with the leadership of the club.”