BREAKING: Bayern Munich Sack Ancelotti
The German champions looked ordinary and flat-footed all through 90 minutes as their Champions League campaign moved from bad to worse.
PSG dominated proceedings and the scoreline does not reflect the performance on the pitch which could have ended in more embarrassing circumstances.
After the defeat Bayern's management held an emergency meeting where the club's board has decided to dismiss the Italian.
"The performance of our team since the start of the season did not meet the expectations we put to them," said Bayern's chief executive Karl-Heinz Rummenigge.
"I would like to thank Carlo for his cooperation. Carlo is my friend and will remain my friend, but we had to make a professional decision. The game in Paris clearly showed that we had to draw consequences".
58 year old Ancelotti replaced Pep Guardiola at the start of last season. He helped Bayern win the Bundesliga last term, but they only reached the last eight of the Champions League and the German Cup semi-finals.
Assistant boss, Willy Sagnol will take temporary charge.
Bayern are third in the German table, three points behind Borussia Dortmund, with four wins, one draw and one defeat from their first six league matches. They next play away to Hertha Berlin on Sunday.
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