Mauricio Pochettino has agreed to become the next Chelsea manager, signing a two-year deal with the option to extend for a further year.
The Argentine former Tottenham Hotspur and Paris Saint-Germain boss is expected to take the reins at Stamford Bridge on July 1, replacing interim manager Frank Lampard.
The 51-year-old has been out of work since he parted company with PSG at the end of last season.
It is believed he had made a verbal agreement last month to take over at Chelsea before flying from Spain to London to put pen to paper on a contract on Sunday.
The negotiations are believed to have been led by the club's co-sporting directors Paul Winstanley and Laurence Stewart.
They said in a statement on Monday: “Mauricio’s experience, standards of excellence, leadership qualities and character will serve Chelsea Football Club well as we move forward.
“He is a winning coach, who has worked at the highest levels, in multiple leagues and languages. His ethos, tactical approach and commitment to development all made him the exceptional candidate.”
Chelsea's season has been a disaster, with the club finishing 12th in the table despite spending more than £600 million on players since new owner Todd Boehly and his consortium bought the club for £4.25 billion from Roman Abramovich in May last year.
The club were knocked out of this season's League Cup in the third round after losing to Manchester City and were dumped out of the FA Cup at the same stage after a 4-0 thrashing by Pep Guardiola's side.
Chelsea 2022/23 season ratings
The board sacked Thomas Tuchel, who won them the Champions League in 2021, in September and replaced him with Brighton manager Graham Potter.
Potter, who lasted just seven months and 31 games in the job, was sacked on April 3, shortly before Chelsea's Champions League quarter-final clash with Real Madrid. They lost 4-0 on aggregate to the Spanish giants.
Bruno Saltor came in for one game before Lampard was appointed as interim boss on April 6. The former Chelsea midfielder lost his first six games in charge before finally overseeing a victory against Bournemouth on May 6.
Asked about Chelsea's future under a new manager after their 4-1 defeat to Manchester United at Old Trafford last week, Lampard said: “I wish the new manager well. It’s his problem, I guess."
Pochettino, who spent five seasons at Tottenham, guiding them to the 2019 Champions League final, and a season and a half at Southampton, will spend the summer with the Chelsea squad to determine which players he wants to keep on board.
The club is due to play five games in their pre-season tour of the US in July and August, including clashes against Wrexham, Brighton, Newcastle United, Fulham and Bundesliga runners-up Borussia Dortmund,
Global state-owned investor ranking by size
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UAE currency: the story behind the money in your pockets
Under 19 World Cup
Group A: India, Japan, New Zealand, Sri Lanka
Group B: Australia, England, Nigeria, West Indies
Group C: Bangladesh, Pakistan, Scotland, Zimbabwe
Group D: Afghanistan, Canada, South Africa, UAE
UAE fixtures
Saturday, January 18, v Canada
Wednesday, January 22, v Afghanistan
Saturday, January 25, v South Africa
What drives subscription retailing?
Once the domain of newspaper home deliveries, subscription model retailing has combined with e-commerce to permeate myriad products and services.
The concept has grown tremendously around the world and is forecast to thrive further, according to UnivDatos Market Insights’ report on recent and predicted trends in the sector.
The global subscription e-commerce market was valued at $13.2 billion (Dh48.5bn) in 2018. It is forecast to touch $478.2bn in 2025, and include the entertainment, fitness, food, cosmetics, baby care and fashion sectors.
The report says subscription-based services currently constitute “a small trend within e-commerce”. The US hosts almost 70 per cent of recurring plan firms, including leaders Dollar Shave Club, Hello Fresh and Netflix. Walmart and Sephora are among longer established retailers entering the space.
UnivDatos cites younger and affluent urbanites as prime subscription targets, with women currently the largest share of end-users.
That’s expected to remain unchanged until 2025, when women will represent a $246.6bn market share, owing to increasing numbers of start-ups targeting women.
Personal care and beauty occupy the largest chunk of the worldwide subscription e-commerce market, with changing lifestyles, work schedules, customisation and convenience among the chief future drivers.
Nayanthara: Beyond The Fairy Tale
Starring: Nayanthara, Vignesh Shivan, Radhika Sarathkumar, Nagarjuna Akkineni
Director: Amith Krishnan
Rating: 3.5/5
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Palestine and Israel - live updates
Ferrari 12Cilindri specs
Engine: naturally aspirated 6.5-liter V12
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England squad
Moeen Ali, James Anderson, Jofra Archer, Jonny Bairstow, Dominic Bess, James Bracey, Stuart Broad, Rory Burns, Jos Buttler, Zak Crawley, Sam Curran, Joe Denly, Ben Foakes, Lewis Gregory, Keaton Jennings, Dan Lawrence, Jack Leach, Saqib Mahmood, Craig Overton, Jamie Overton, Matthew Parkinson, Ollie Pope, Ollie Robinson, Joe Root, Dom Sibley, Ben Stokes, Olly Stone, Amar Virdi, Chris Woakes, Mark Wood
UAE currency: the story behind the money in your pockets
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