Real Madrid manager Carlo Ancelotti said the club will refuse to take part in the first edition of FIFA's new Club World Cup tournament next summer, citing a lack of financial incentive. The expanded competition is set to take place in the United States in June and July 2025, featuring 32 teams from Africa, Asia, Europe, the Americas and Oceania. A total of 29 of the 32 places have already been filled, with Madrid qualifying by winning the Champions League title in 2022 and 2024. However, in an interview with Italian newspaper Il Giornale on Monday, Ancelotti said Madrid -- along with other, unnamed clubs -- were not planning to take part. "Players and clubs won't participate in that tournament," Ancelotti said. "One single Real Madrid game is worth €20 million, and FIFA want to give us that amount for the entire competition. Negative. "Just like us, other clubs will refuse the invitation." The revamped FIFA Club World Cup is the flagship initiative for...