I hope he is happy to stay for the long haul.
My thoughts for a long while are that even with the absolute pre-requisite of an excellent manager in place, this ship is long for the turning and it will take at least two full seasons to see a tangible difference. Two seasons in which we don't make any errors with incoming signings and that's a tall order.
Two or three well-placed signings in the summer would make a huge difference and could make us really competitive around the fringes but the change in mentality is going to prove far more difficult to correct in the short-term, that can only be achieved over a sustained longer-term period of improvement and collective increase in standards and confidence.
Only a handful of players are good enough to be retained and the problem of binning the remainder still leaves an enormous headache. The reality is that many of the current squad, and those not good enough, are still going to be around next year and the year after. Things can only be improved piece by piece.
We see the limitations of this squad every single time we come against above-average opposition. More often we get beat because we are very average and they are not.
It's not at all a criticism of Ancelotti but the results so far are more or less in line with expectations. He hasn't been able to organise this group of players into a unit such that we can get a standout result like what we hoped for yesterday, or at Arsenal. That does concern me a little, not so much that we haven't done it but we lose the benefits of a really good away result that would allow us to begin next season with that burden lifted just a little.