Pellegrini is the outstanding candidate for me when you look at his recent achievements, which far exceeds anything of the other candidates, CL experience, experience running a club with a nothing budget and achieving historic points totals for 2 different clubs in a very competitive league. There is also the connection to Reina, who he has worked with before and if the board have any sense they will want to keep him happy
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Villarreal
Pellegrini took over the managerial duties of Villarreal on July 1, 2004. In his first season in charge of the club, Villarreal qualified for the Champions League after finishing third in the league and reached the quarter-finals of the UEFA Cup. The following season Villarreal reached the semi-finals of the UEFA Champions League 2005-06, losing to Arsenal. Villarreal eventually finished seventh in La Liga that year. The following two seasons featured Villarreal finishing in both 5th and 2nd place in the league, the latter being historic for the club. Pellegrini led "The Yellow Submarines" to the Champions league knockout stages, where they drew Arsenal once again in the quarter-finals, losing out 4-1 on aggregate.
According to percentage of points gained, Pellegrini is the second most successful South American club manager in La Liga within the last 25 years, coming after Vanderlei Luxemburgo.[2]
At the end of 2007, Villarreal offered him an extended contract until 2011. On May 31, 2009, after the last La Liga match for Villareal, Pellegrini said "nobody from Real Madrid has spoken with me. I have a contract with Villarreal, we finished the league today, and tomorrow we go on holiday", after being inquired by the press.[3] On June 1, 2009, Villareal executive announced that Pellegrini would no longer continue at the club. The Valencian club executive specified that if Real Madrid wanted to sign the Chilean coach, they would have to pay Pellegrini's 4 million euros termination clause.[4]
[edit] Real Madrid
Nevertheless announcing he was leaving on holidays, Pellegrini was announced on June 1, 2009 as Real Madrid's new manager with his formal presentation to follow on June 2.[5] He joined Real Madrid as the first manager in Florentino Pérez's second stint as Real Madrid president. After a few days, Pellegrini scouted Kaká from AC Milan because he said "If we want to win the Champions League and be the best team in the world, we need the best players in the world".[6] They later bought Cristiano Ronaldo for £80million from Manchester United later that transfer window, and Karim Benzema from Olympique Lyonnais for £30million. Despite the club's record spending they were knocked out of the UEFA Champions League in the round of 16, for the sixth time in a row, being beaten 2-1 on aggregate by Olympique Lyonnais. In La Liga Madrid achieved a club record of 96 points, however it was not enough to finish above Barcelona, who won the championship with 99 points. He was sacked by the club on 26 May 2010