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Carlo Ancelotti, Real Madrid manager on Monday gave reasons the UEFA Champions League winner will not participate in FIFA’s expanded Club World Cup next season.
United States will host the expanded edition next year July.
A total of 32 teams from across the world have been invited to take part in the expanded edition.
Ancelotti, who guided Real to a double of La Liga and the Champions League this season, claims that FIFA have offered around €20million for their participation.
According to the Italian, Real will not be the only team rejecting FIFA’s offer.
“FIFA forgets that the teams will not participate in the new Club World Cup.
“A single Real Madrid match is worth €20million and FIFA wants to give us that amount for the entire tournament.
“We will decline the invitation,” Ancelotti told Il Giornale.