Manchester City pulled off a spectacular coup Monday by naming Pep Guardiola as its manager from next season, but the Spanish super-coach admitted that he is taking a "risk." Guardiola, who leaves Bayern Munich at the end of the season, will take over from Chilean Manuel Pellegrini on a three-year deal reportedly worth more than £15 million ($21.5 million, 20 million euros) a year. Even though City is still in contention for four trophies, including the Champions League and the English Premier League, Pellegrini said he knew the club's Abu Dhabi owners were in talks with Guardiola and supported the move to announce his appointment now. And the 45-year-old Guardiola, one of the most successful coaches in history, said he was ready for "a new challenge." "If I were 55 or 60 years old, I'd stay (at Bayern) until Karl-Heinz Rummenigge or Matthias Sammer said, ‘Enough,'" Guardiola said. But he said that he could not finish his career "without experiencing England." "I want to sample the atmosphere, the emotions," he added. "I know it's a risk, but it's exactly what I love." The news far overshadowed any deal on the last day of the January transfer window. City, bankrolled by Sheikh Mansour Bin Zayed Al-Nahyan, released a statement saying it had in recent weeks "commenced and finalized contractual negotiations" with Guardiola to become coach from 2016-17 onwards. "The contract is for three years. These negotiations were a re-commencement of discussions that were curtailed in 2012," the club said. "Out of respect for Manuel Pellegrini and the players, the club wishes to make its decision public to remove the unnecessary burden of speculation. "Manuel, who is fully supportive of the decision to make this communication, is entirely focused on achieving his targets for the season ahead and retains the respect and commitment of all involved with the leadership of the club." Guardiola announced in December that he would leave Bayern in May after three years and wanted to move to England. He notched up Bundesliga titles in 2014 and 2015, but Bayern, European champions in 2013, have exited the Champions League at the semi-final stage in the past two seasons. The ex-Spain international coached Barcelona from 2008 to 2012, winning three La Liga titles and masterminding two Champion League triumphs in a remarkable run of success. The much-travelled Pellegrini, 62, signed for City in 2013 in place of Roberto Mancini. During his tenure, City has won 64 of the 99 Premier League games it has played. The only coach to have won more in his opening 99 games is Jose Mourinho (73). Pellegrini guided City to Premier League and League Cup success in his first season, but it failed to defend its titles last season. It is currently second in the league, behind Leicester City, and has reached the Champions League last 16, the FA Cup fifth round and the League Cup final, against Liverpool on Feb. 28. Guardiola's appointment led to immediate speculation of a big-budget campaign by City to attract players such as Argentine megastar Lionel Messi. But press reports said veteran midfielder Yaya Toure and Belgian center-back and captain Vincent Kompany could be on their way out.
