Paris St. Germain coach Carlo Ancelotti has been given 10 days to sort out his exit from the French champion if he wants to coach Real Madrid next season, according to Marca. Real president Florentino Perez has said he will not, under any circumstances cough up the $5 million in his PSG buy-out clause. As PSG president Nasser Al-Khelaifi made clear as he was celebrating PSG’s first Ligue 1 title in 19 years, Ancelotti is under contract until July 2014.
To be sure, Real’s stance represents an about-face from Perez, as the club paid $5 million to bring Manuel Pellegrini to the Bernabeu from Villarreal in 2009 and a whopping $20.5 million to recruit Jose Mourinho from Inter Milan in 2010.
Of course, everything could change if Chelsea agrees to pay Mourinho’s $22 million buy-out clause. However, given the manner in which the Real coach has conducted himself recently, it would be surprising if the club could afford to keep him.