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Ranieri resigns from Parma

From BBC Sport:

Claudio Ranieri has resigned as manager of Italian Serie A
side Parma.
The former Chelsea manager is expected to eventually take over
at Manchester City, who sacked Stuart Pearce at the end of the season.
56-year-old Italian took over the struggling Parma side in February and guided
them to safety, with a 12th-place finish.
His impressive stint has
reportedly convinced the City board he is the man to take over from Pearce.
A statement from Parma said: "Claudio Ranieri has informed the club of his
intention to leave his role as first-team coach.
"The club would like to
thank him for the precious work he carried out, which resulted in keeping Parma
in Serie A. We wish him success for the future."

What has been interesting in developments over the past day or so is the words that have come from the Ranieri camp - whilst never attributable to him directly, almost certainly done so with his consent:

"The Manchester City challenge reminds me of the
experience I had at Chelsea where without spending £1, we built a good team.
"I created the Chelsea miracle from nothing. My achievement convinced Roman
Abramovich to buy the club. Then, mountains of money came as well as a selection
of top players."

You do tend to forget that in the age of Mourinho and Abramovich, it was Ranieri who brought the likes of Cech, Cole, Lampard and Gudjohnsen to the club, whilst bringing through a young John Terry.

It seems a foregone conclusion that barring a miracle (we are talking about City here) things will be progressed along over the next week, and it is hoped that Ranieri will already be assessing the current squad with a view to reinforcing it shortly after his arrival.