I could see this being a good thing for Madrid. Maybe they'll keep a manager for more than a year now.
This is set up by Florentino Perez. I liked Calderon and I think he was a good president. Forintino or one of his "friends" like Villar Mir(sp?) will go to the elections at the end of the year. Perez has a lot of power and a strong supporter of the PP(Popular Party). Notice all the Spanish newspapers that started the Calderon rumors were predominantly PP newspapers, El Mundo, Marca, etc.