Moratti said, "He is undoubtedly the best choice we could find. He has the common sense needed to revitalise the team.
"I'm sorry for how it has worked out for Gasperini, it was unfortunate, although he certainly understood the situation.
"I am satisfied with the choice of Ranieri - at this moment we need experience.
"Should the performance improve? I do not care, all that counts is to win on Saturday [against Bologna]."