The Spaniard became the most successful foreign manager in the history of English football, after clinching his fourth Premier League crown.
Manchester City's new manager should be announced within the next two weeks, chairman Khaldoon Al Mubarak said on the Premier League club's website.
Manchester City boss Roberto Mancini has flown to Abu Dhabi to speak to chairman Khaldoon Al Mubarak amid a breakdown in relations at the club.
Pep Guardiola is a 'proven winner' who will take Manchester City to a 'whole new level', the Premier League club's chairman Khaldoon Al Mubarak has said.
City won their 2nd Premier League on Sunday and, ahead of the season's final home game against Brighton, Guardiola said he is in no rush to sign a new contract.
Manchester City unveiled a statue of former striker Sergio Aguero outside the Etihad Stadium on Friday to mark the 10th anniversary of his winning goal that gave them their first league title in 44 years.
Manchester City, who were sanctioned last year for breaching UEFA's Financial Fair Play (FFP) rules, have posted an annual profit for the first time since the club was bought by Sheikh Mansour bin Zayed in 2008.
Premier League leaders City said a statue will be erected outside the Etihad Stadium in the Argentine's honour, alongside those of his former team mates David Silva and Vincent Kompany.
UEFA had banned City from European competition for two years after ruling they had breached Financial Fair Play (FFP) regulations but City won an appeal last month to have that verdict and sanction overturned.
Players were in tears after Rodri's emphatic second-half goal against Inter Milan in the final secured a 1-0 victory
City became the first top-flight club to collect 100 points in a season and broke records for goals scored in a Premier League campaign (106), the most victories and best goal difference.
Manchester City cut their financial losses en route to the Premier League title last season, leaving the English champions to believe they will not fall foul of UEFA's Financial Fair Play regulations again.
Manchester City manager Manuel Pellegrini said a fond Etihad Stadium farewell to the supporters on Sunday but it was hardly the feel good, celebratory goodbye that he or the fans craved.
The question is whether Manchester City can combine a gradual freshening up of their squad at the same time as they fight on the domestic and international front for trophies.
News of all that transpired on and off the football field.
Manchester City's Abu Dhabi-controlled owner has agreed to sell a $500 million stake to US private equity firm Silver Lake, making it the world's most valuable soccer group with a $4.8 billion price tag.
Manchester City CEO Ferran Soriano said the group had been looking for years at soccer in India and the Indian Super League (ISL), which is currently in its sixth season.
City Football Group will be a 65 per cent majority stakeholder of the club, alongside existing shareholders, actor Ranbir Kapoor and Bimal Parekh, who will keep the remaining 35 per cent.
Abu Dhabi-based sovereign wealth fund Mubadala Investment Co will invest Rs 6,247.5 crore to buy a 1.4 per cent stake in Reliance Industries Ltd's retail arm -- the billionaire Mukesh Ambani-led firm's third such deal in less than two days.
A summary of sports events and sports persons, who made news on Tuesday
The former Chelsea goalkeeper had to wait for 11 games to reach the landmark and produced an inspired performance that included a second-half penalty save from Watford striker Troy Deeney to help Arsenal seal the win.
News of all that's transpired on and off the football field.
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