I am the Austrian team boss with all my heart. I really enjoy this task and am determined to successfully continue on our chosen path.
This is not a rejection of FC Bayern, but rather a decision for my team and our common goals. Our full concentration is on the European Championships.
Bayern had been in talks with the Austria boss for the past few weeks and had hoped to lure him back to club management.
Rangnick becomes the third manager to reject Bayern's advances this summer, leaving the club scrambling to replace Thomas Tuchel.
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