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Real Madrid press conference - LIVE!
Catch the latest news from the Spanish capital as Jose Mourinho's time at Santiago Bernabeu nears its end. Get involved by sending us your thoughts via Twitter or Facebook! Hosted by Miles Chambers.

8:00 PM BST

5/20/13

It's time to call an end to our discussion of Jose Mourinho's impending depature from Real Madrid here.

However, you can check out Ben Hayward's feature on the Portguese parting ways with Florentino Perez HERE or read our news story in full HERE.

Stick around on Goal for all the further reaction tonight and tomorrow!

7:51 PM BST

5/20/13

Ayodele Olas ‏(@Olasking) tweeted: "If Mourinho is so good let him take over from Sunderland or QPR and let's see if he can win the Champions League, then I will respect him."

I feel like people complaining that top coaches only take over top clubs are missing the point. Taking over lesser clubs would squash their ambition - just look at Pep Guardiola, going from Barcelona to Bayern Munich.

Azam Nor Edwards ‏(@AzamEdwards) tweeted: "Real Madrid are too big for him. Chelsea only just right club for him I thought."

And Chelsea are favourites to swoop him back up, though Paris Saint-Germain,officially managerless Manchester City and Monaco are all outside contenders.

7:44 PM BST

5/20/13

Florentino Perez also addressed Real Madrid's approach for Paris Saint-Germain coach Carlo Ancelotti: "I want to express my utmost respect for the PSG and their owners. A few days ago, the CEO went to the PSG to see whether it was possible that he could come and they said no. That is an issue that we will address tomorrow, we have a few days to think on it. There are several candidates [not just Ancelotti]."

7:37 PM BST

5/20/13

The Florentino Perez press conference is complete. There will undoubtedly be a few straggling quotes knocking about which I've yet to put in here, I'll keep a look out.

In the meantime, get in touch on Twitter to have your say on whether you think sacking Jose Mourinho was the right choice by Real Madrid!

7:33 PM BST

5/20/13

Where next for Jose Mourinho?

The popular choice remains Chelsea but could Paris Saint-Germain do a straight swap for the Portuguese, with Carlo Ancelotti going the other way to Real Madrid? Or is there another club that you can picture the Portuguese trainer rocking up at?

7:29 PM BST

5/20/13

Portuguese trainers around the world can breathe a sarcastic sigh of relief. Real Madrid's club president has confirmed that Jose Mourinho's exit does not (why would it?!) rule out coaches from that country coming to the Bernabeu again someday: "We could have another Portuguese coach in future. This an open-minded club and there are no limitations."

7:29 PM BST

5/20/13

Florentino Perez refused to condemn Iker Casillas being dropped by Jose Mourinho as a major reason for the coach's imminent departure: "Regarding the [controversial] decisions he made, like benching Iker - he is our coach and he is the one who decides."

He also believes that Real Madrid have undoubtedly progressed under the former (and soon-to-be-returning?) Chelsea boss: "Everything is relative. From where we have come, we have taken a big step but we were lacking a little extra."

7:25 PM BST

5/20/13

Any Real Madrid fans worrying that Jose Mourinho's exit - considering his reportedly bumper contract - would sap money from the Santiago Bernabeu can have their fears eased somewhat.

Florentino Perez has revealed: "No compensatin will be given [to Mourinho] upon his depature from the club."

7:23 PM BST

5/20/13

Even Florentino Perez isn't trying to pretend that Jose Mourinho's fallout with Iker Casillas and the subsequent anti-Mourinho vibe around the Bernabeu that it has created has not played a part in the Portuguese's exit.

He added: "I would have liked Mou to stay, but a person has a limit and the level of pressure has increased so much..."

7:20 PM BST

5/20/13

Florentino Perez is being unsurprisingly amicable with this whole thing, but there are stings and barbs for Jose Mourinho buried in some of his words, such as: "Achievements this season haven't been sufficient for demands of a club such as Real Madrid, or a coach like Mourinho."

7:15 PM BST

5/20/13

More from Real Madrid club president Florentino Perez regarding Jose Mourinho's departure: "We've come to this decision just now although its something thats been back of our mind for some time. We have no pre-contract signed with any manager. This is something we have to look at over the coming days

"The time is right to go our seperate ways and once again I would like to thank Jose Mourinho for all his hard work."

7:12 PM BST

5/20/13

Florentino Perez just said: "The club and coach believe the time is right to bring our relationship to an end. I would like to thank Jose Mourinho for all his hard work over the last 3 years. The team has improved over the last three years. I would like to wish him all the best."

7:11 PM BST

5/20/13

Jose Mourinho will leave as Real Madrid coach!

7:10 PM BST

5/20/13

Jerry Moses ‏(@adi_rijez) tweeted: "Real madrid need a manager not a team breaker."

True, Jose Mourinho has caused more friction than he has joy at Real Madrid in the last month, but he has guided the Blancos to three consecutive Champions League semi-finals and his side broke the record for points collected in a single Liga season last year!

7:07 PM BST

5/20/13

Now we're being treated to a montage of Cristiano Ronaldo reaching 200 goals in a Real Madrid shirt. Surely, this press conference won't be about him leaving...?

7:02 PM BST

5/20/13

Real Madrid are streaming 'Frank Sinatra - My Way' as we wait for president Florentino Perez to make an announcement in a few minutes' time. Any guesses as to whether this is a hint to a certain staff member/player leaving, or just something to fill the time?

Let me know on Twitter, chaps and chapettes!

6:50 PM BST

5/20/13

Of course, tonight's presser is provisionally concerned with the up-coming presidential elections at the club, which are a real source of intrigue in themselves - coaching appointments, player sales, mega-money offers for stars abroad... all of it could depend on whether Florentino Perez keeps the hotseat.

6:40 PM BST

5/20/13

Of course, don't forget to send us your thoughts on tonight - WHATEVER the outcome - via Facebook and Twitter. If Mourinho is set to leave, should he be kept until the season is over, or should Aitor Karanka take charge? What does it mean for the future of the likes of Cristiano Ronaldo? Lemme hear your views, people!

6:32 PM BST

5/20/13

Club president Florentino Perez will lead proceedings tonight, with the press conference due to start properly at 20:00 CET. We'll have all the latest from the event as well as all the fall-out from any potential important revelations (which, you feel, might just include something to do with the man below...)

6:30 PM BST

5/20/13

Good evening and welcome to Goal's LIVE! coverage of Real Madrid's press conference from the Spanish capital. Could this be the end of Jose Mourinho's tenure at the club? Stay with us for all the latest!