Ancelotti won't be Real Madrid's coach

In the paper MARCA there is the new that Ancelotti had a verbal agreement and a contract signed but it wasn't legal and after the president Fernando Martin resigned, Madrid and Ancelotti have decided that he won't go to Real Madrid. Then when there are elections this summer the new president will choose the new coach. The candidates are Schuster, Del Bosque, Eriksson, Capello and Lippi