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

Carlo Ancelotti insisted there is no “drama” behind his departure from Real Madrid, as he backed Xabi Alonso as a potential replacement. It was announced earlier this week that Ancelotti will become the new head coach of Brazil, starting work with the national side on May 26.

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.