Roberto Mancini (probably, but I'm premature) Sacked

Could be, but it would take a bloody awful cash flow issue to give up the chance of 3 million in a month or two for the sake of 500k now.
 
I was wondering why it was taking so long for City to announce anything and why it had all gone so quiet on this front. I was getting pretty worried TBH.
 
Surprise surprise. 3 year contract.

http://www.mcfc.co.uk/News/Team-news/2013/June/Pellegrini-announced-as-Man-City-manager


Pellegrini, who joins the Club on a three year contract, will take up the role from 24th June.

Reacting to his appointment Pellegrini said: “I am delighted to accept this hugely exciting opportunity. The Club has a clear vision for success both on and off the pitch and I am committed to making a significant contribution.

"Everything is in place for Manchester City to continue to be successful and I am excited to be able to work with such a talented squad, the Executive team and the Board to deliver for fans who are renowned for their steadfast support.”
 
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