Real Madrid manager, Carlo Ancelotti has given an explanation why the club will not participate in FIFA鈥檚 expanded Club World Cup next season.
Recall that the competition is billed for the United States at the end of next season.
A total of 32 teams from across the world have been invited.
Ancelotti, who guided Real to a double of La Liga and the Champions League this season, claims that FIFA have offered around 鈧�20million for their participation.
According to the Italian, Real will not be the only team rejecting FIFA鈥檚 offer.
鈥淔IFA forgets that the teams will not participate in the new Club World Cup.
鈥淎 single Real Madrid match is worth 鈧�20million and FIFA wants to give us that amount for the entire tournament.
鈥淲e will decline the invitation,鈥� Ancelotti told Il Giornale.