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Published 14:58 25 Nov 2018 GMT
Updated 15:03 25 Nov 2018 GMT
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McCarthy's side eventually got a tournament in 2002. Ahead of the World Cup, the Ireland manager and his captain Roy Keane had an explosive argument. Ireland still went on to perform well at the World Cup, where they lost on penalties to Spain in the round of 16.
Ireland were top seeds in qualifying for Euro 2004. However, their campaign got off to a terrible start. They lost 4-2 away to Russia and 2-1 at home to Switzerland. McCarthy, under intense pressure and criticism following the poor start to qualifying and the Saipan debacle, resigned in November 2002.
In club management, he has had a really respectable career. He helped Sunderland and Wolves earn promotion to the Premier League. He also got Ipswich to the Championship playoffs and kept them in mid-table, despite operating on a shoestring budget. He left that post in April of this year.
McCarthy's remit as Ireland manager this time around is to reach Euro 2020.
"I'm honoured and excited to be back with the Republic of Ireland. I am delighted that the FAI Board and CEO have given me this opportunity to lead the team to EURO 2020," McCarthy said in a statement.
"I have been involved in club football for the last 15 years, so this will be a new challenge but one that I know well. I'm delighted to have Terry Connor, a trusted colleague and excellent coach, and Robbie Keane, one of the finest players who I had the pleasure of managing, helping me as assistant coaches. "I am looking forward to getting started and embracing this challenge to qualify for EURO 2020, where it would be fantastic to play in front of the Ireland supporters in Aviva Stadium.

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