|Ancelotti certainly doesn't look like a manager who is confident he will be Chelsea boss next season [GALLO/GETTY]
West Ham will still move into London's Olympic Stadium despite losing their place in the English Premier League.
After sacking manager Avram Grant on Sunday for his failure to ensure Premiership survival, co-owner David Gold and business partner David Sullivan admitted that the club will lose about $65 million in revenue.
However, Gold has strongly denied that this will effect West Ham's move into the Olympic stadium. Gold said on Monday there is “absolutely no financial issue at all” because the team had budgeted for relegation.
The managerless club is looking to appoint a new coach as soon as possible and the fans will expect a strong replacement for Grant after being disappointed by the boards last few managerial decisions.
West Ham plan to downsize the stadium after the 2012 Olympics from 80,000 to 60,000 seats and use it as a multipurpose venue.
"We remain totally committed to it," a West Ham spokesman said Monday.
"Our target is to move there in three football seasons time and we would hope that we would return to the Premier League as soon as possible."
"Our bid (to move into the stadium) was based on several different areas. It was modelled on Premier League, Championship and different scenarios - that has been the case from day one."
However, rival London football clubs Tottenham Hotspur and Leyton Orient are considering possible legal action regarding the process by which West Ham were announced as the preferred bidder for the stadium site.
Avram now, Ancelotti later?
Chelsea could also face a change in management with Carlo Ancelotti being left to sweat it out after failing to win any silverware for the club.
The Italian waved to fans not knowing if it was a final goodbye as the team walked round the pitch on Sunday after their 2-2 draw with Newcastle United, their last appearance at Stamford Bridge this season.
Chelsea visit Everton on the final day of the Premier League next Sunday effectively assured of second place behind champions Manchester United, but whether that will be enough for owner Roman Abramovich remains to be seen.
Last term's double in Ancelotti's first season is a distant memory and a look back at how ruthlessly Abramovich has dealt with previous managers does not make happy reading for the Italian.
Claudio Ranieri was axed after finishing runner-up in the Premier League and reaching a Champions League semi-final. Back-to-back league titles did not save fans hero Jose Mourinho when a sticky patch of form arrived and Avram Grant was sacked after being one John Terry slip away from winning the Champions League final. Luiz Felipe Scolari lasted seven months.
"I don't know what happens, we have to wait and after that I can explain. We have to just wait one week, it is not a long period and see what happens," said Ancelotti.
"If my job is good I will stay. If they think my job was not good I have to go. In my opinion sometimes I did a good job, sometimes I could do better."
Italian legend Franco Baresi on Monday said his compatriot and close friend Ancelotti should be allowed another season.
The 51-year-old Baresi, who spent his entire career at AC Milan, where Ancelotti was manager before moving to London, said: "If I was to give advice to Abramovich, I'd say, 'Keep Ancelotti'."
Runners and riders
The Italian's future may hinge on who Chelsea could bring in. There are few managers who have Ancelotti's worldwide reputation or experience.
"If I was to give advice to Abramovich, I'd say, 'Keep Ancelotti'."
Former AC Milan player Franco Baresi
Former Russia coach Guus Hiddink, who won the FA Cup as Chelsea caretaker between Scolari's sacking and Ancelotti's arrival and is reported to be a favourite of billionaire Abramovich, is under contact with the Turkey national team. His agent Cees van Nieuwenhuizen told Reuters last month there was "no chance" of Hiddink leaving Turkey before November and he was set to honour a four-year deal signed in 2010.
Porto's highly-rated boss Andre Villas Boas has said reports linking him with a move were "absurd" and that he plans to stay.
Mourinho has talked of having unfinished business at his beloved Chelsea but is not likely to leave his Real Madrid project after one season and fell out with Abramovich anyway.
Ancelotti may have an exit strategy with former club AS Roma yet to announce what is happening with their coaching situation.
The Serie A side, who missed out on a Champions League place, appointed Vincenzo Montella as interim coach until the end of the season after Ranieri resigned in February.
Recent poor results may mean Montella is not kept on by the club's new American owners.
If Abramovich does call time on Ancelotti’s Chelsea tenure then the expectations on the next manager will be colossal.
It appears the England manager job may no longer be the hardest in football.