Brett Koremenos, Julia Ranney, and Sam Tighe explore the betting ramifications of Xabi Alonso’s expected move to Real Madrid.

Real Madrid are finalising a deal for Xabi Alonso to become their new coach as soon as possible, multiple sources have told ESPN, with the club keen to have him in place for this summer's Club World Cup.

Former Spain midfielder Xabi Alonso is set to become the next Real Madrid manager on a three-year deal when he leaves Bayer Leverkusen after this season, Spanish media reported on Monday.

Carlo Ancelotti has opened up on the nature of his Real Madrid departure after his appointment as Brazil's new manager was confirmed.

Carlo Ancelotti is swapping Real Madrid for Brazil in one of the biggest moves in world soccer. The problem is, neither he, nor Madrid, want to talk about it. As coaching switches go, they don’t come any bigger than this.

The Brazil Football Federation (CBF) confirmed the appointment of Ancelotti on Monday while Madrid are yet to officially announce his exit.