Well-connected Spanish journalist Eduardo Inda reported last night in El Chiringuito de Jugones that Real Madrid's board are afraid of Ancelotti and the players "having the Queiroz syndrome", reminding that Queiroz's team also played well and was on pace to win all three titles during the first half of the 2003-2004 season until his players lost it all due to an evident lack of rotations that cost Real Madrid the Copa del Rey, the Champions League and La Liga.
Ancelotti does politics. Sometimes, when the team is winning 3-0 or 4-0, his first substitution comes in the 75th minute. That's something not amusing for the board, who also think that the only ones capable of turning things around are the players, as Ancelotti is not responsive enough. They also believe that Ancelotti's planning wasn't good enough to finish the season well considering how physically ready the players were three months ago.
Source: Eduardo Inda.
While it's true that it might be too early to push the panic button the way Eduardo Inda says the board are doing, it's also right to point out that the symptoms are not encouraging. It will all come down to how the team plays during these last few months of the season to determine whether Inda was right or not.