Real Madrid insist Ancelotti agreement watertight

Real Madrid's agreement with PSG coach Carlo Ancelotti is watertight.

Punto Pelota says delays over Ancelotti's arrival have nothing to do with either club, but is on request of the Italian.

Spain's moving tax laws means Ancelotti wants to wait until the first week of July before taking charge of Real to avoid paying heavy taxes.

Ancelotti's deal is already in place and the Italian has been working closely with Real football staff over summer transfer plans.

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