Resolution criteria:
This market resolves YES if Real Madrid publishes an official announcement on any of its verified official channels (e.g. website, X/Twitter, Instagram, or press release) by 23:59 on 31 January 2026 (Madrid time, CET) explicitly presenting or confirming the appointment of a new head coach of the first men’s team.

The announcement must clearly identify the individual as the new head coach (or equivalent role such as “first-team manager”) of Real Madrid.

This market resolves NO if:

• No such official announcement is made by the deadline, or

• Only rumors, media reports, leaks, or indirect statements are published without an official confirmation from Real Madrid.

Notes:

• Interim or caretaker appointments count only if officially announced as head coach.

• Contract signing date is irrelevant; only the public official announcement matters.

• Deadline: 31 January 2026, 23:59 CET (Madrid time).