Claudio Ranieri has resigned from his position as Monaco coach, after two years in charge of the side.
The 62-year-old Italian, who led the French club to clinching the Ligue 2 title in his first season, guided the principality club to a second place finish last season. Monaco ended the 2013/14 campaign nine points behind Ligue 1 winners Paris St. Germain.
The club vice-president Vadim Vasilyev admitted the Italian had done “a very good job.
“It was a difficult decision, it’s never easy when the results are good,” Vasilyev said. “But we believe that at this stage of the project we need to find a new dynamic.”
Russian billionaire Dmitry Rybolovlev bought over two-third of the club with the record of most titles won, with seven league titles and five Coupe de France trophies.
