This market will resolve according to the person who is appointed as the next permanent manager of Real Madrid. If no permanent manager is appointed by December 31, 2026, 11:59 PM ET, the market will resolve to "Other." Appointments of 'interim,' 'caretaker,' or other non-permanent managers will not impact this market's resolution. An announcement of a new permanent manager's appointment before this market's close date will immediately resolve this market to the corresponding option, regardless of when the announced appointment goes into effect. The primary resolution source for this market will be official information from Real Madrid; however, a consensus of credible reporting will also be used.