Soccer

Madrid cough up for Ancelotti

2013-06-22 16:43
Carlos Ancelotti (AFP)

Madrid - Spanish giants Real Madrid are to pay 4.5 million euros to be allowed to hire coach Carlos Ancelotti.

The 54-year-old Italian still had a contract until June 2014 with French club Paris St Germain, but will take over Real Madrid, following Jose Mourinho's departure to Chelsea.

L'Equipe said on Saturday that PSG and Real had agreed to the amount payable to the French club.

Ancelotti's contract with Real is said to be worth between seven and eight million euros net per year. But due to tax reasons, he will only sign the contract on July 1.

Former French coach Laurent Blanc is to take over PSG and sign a two-year contract with the Qatar-owned club. Blanc has been without a team since France were knocked out of last years' Euro at the quarter-finals stage.

Blanc, who was in the French squad that won the World Cup in 1998 and the 2000 European championships, has only coached one club, but won the league with Girondins Bordeaux in 2009.

Read more on:    real madrid  |  carlos ancelotti  |  soccer
NEXT ON SPORT24X

 

Read News24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
Live Video Streaming
Video Highlights
Sport Talk

Live scoring

 
 
Men
Women
Love 2 Meet
Featured Blog

Dave ask if you would like to meet your local sports heroes and stand the chance to win prizes to the value of over R40 000.

Latest blogs
Vote

Is Louis van Gaal the right man to restore the glory days at United?

Twitter Follow Sport24 on Twitter

Facebook "Like" Sport24's Facebook page

Newsletters Sign up for the Morning Glory, Super 15 and Soccer newsletters

WIN Enter and win with Sport24!

Mobile Sport24 on your mobile phone - WAP, alerts, downloads, services

Forum Have your Say on Sport24's brand new Forum!

BlackBerry Stay in the loop on your BlackBerry

iPhone Latest Sport24 news on your iPhone

RSS Feeds Sport news delivered really simply.

Blogs Yes your opinion counts. Get it out there

 
There are new stories on the homepage. Click here to see them.