In August 2008, Karpin was named as Director General ofSpartak Moscow, replacingSergei Shavlo. In April 2009, following a poor run of results, he replacedMichael Laudrup as caretaker manager of the club. On 18 April 2011, Karpin declared resignation from his position following one of the worse starts in club history. Eventually, he continued working as a manager up to the end of 2011–12 season.[5]
After the sacking of the newly appointed managerUnai Emery on 25 November 2012, Karpin took the responsibility of caretaker manager up until the end of the year. He later officially became the team's coach again and was not the caretaker anymore.[6]
On 18 March 2014, Karpin was relieved from his duties, after exiting the Russian Cup to third divisionFC Tosno and drawing with top flight's bottom sideAnzhi Makhachkala.[7]
On 12 August 2014, he was appointed at the helm ofRCD Mallorca.[8]
He joinedTorpedo Armavir for the2015–16 season after it was newly promoted toFNL. Under his management, the team (by then renamed toFC Armavir) was relegated back to the third-tierPFL, and on 23 June 2016, he left the club "by mutual consent".[9]
On 19 December 2017, Karpin was announced as the new manager ofFC Rostov on a two-and-a-half-year contract.[10]
On 23 July 2021,Russian Football Union hired him as manager of theRussia national team until 31 December 2021 (for the duration of theWorld Cup qualification campaign). He was expected to continue coaching FC Rostov at the same time until that date. The contract has an option to be extended beyond that date.[11] 10 days later, after just two games coaching both Rostov and national team, on 2 August 2021 he left Rostov by mutual consent.[12]
Russia under Karpin qualified for thesecond round of World Cup qualifiers after finishing second in their group. However, on 28 February 2022,FIFA andUEFA suspended Russian clubs and national teams from international competition until further notice, due to theRussian invasion of Ukraine.[13] On 10 March 2022, Karpin extended his contract with the national team until the end of 2022, and also returned to the manager position atFC Rostov.[14]Russian Football Union presidentAleksandr Dyukov clarified that Karpin would have to leave Rostov and focus on the national team job in case RFU's pending appeal of the disqualification toCAS is successful or disqualification is lifted otherwise.[15] He was selected coach of the month by Russian Premier League for April 2022[16] and again for September 2022[17] and November 2022.[18]
On 5 November 2022, Karpin extended his contract as the national team manager to 1 August 2024, with the suspension from international competitions still in place.[19]
Karpin was voted league's coach of the month once again for March 2024.[20]
On 28 June 2024, Karpin extended his contract with the national team to July 2028.[21]
On 25 February 2025, Karpin resigned from his Rostov position to focus on the national team job.[22]
In 2016, he started working as analyst withMatch TV. On 16 February 2017, he was appointed editor-in-chief of football broadcasts for the channel.[23] He left the channel on 24 July 2017.[24]
Karpin has four daughters named Veronika (born in 1990),[25] Maria (born 23 February 1996), Valeria (born 18 February 2001) and Daria (born 4 September 2018). Since 2017, Karpin is married to an English teacher, singer, and amateur skater Daria Gordeeva (before that he was married twice).[26] Karpin has Russian citizenship. In 2003 he acquiredEstonian citizenship, he is an Estonian citizen through his father's family.[27] He later also receivedSpanish citizenshipafter playing in Spain for several years.[28]
^(in Russian)Кружков А.Валерий Карпин: «Живи и радуйся!» –Sport-Express. 31 May 2005. - Летом 2003–го вы получили эстонский паспорт. Российское гражданство при этом сохранилось? - Разумеется.
^"Валерий Карпин".uznayvse.ru (in Russian). Retrieved11 November 2022.