The former Santiago Bernabeu supremo criticises the Welsh star and his coach, arguing that neither have the right mentality to be successful at the Spanish giants
The 62-year-old believes that the Welshman, a world-record signing from Tottenham over the summer, lacks the mental strength, shown by the likes of Cristiano Ronaldo, to deal with the expectations surrounding Los Blancos.
"Bale seems to me like the opposite of what 'The Lion King' Ronaldo stands for," Calderon told Tuttosport.
"Bale seems psychologically fragile to me, one who suffers. To play for Real, you must have nerves of steel. The pressure is bigger than at any other club in the world."
The ex-CEO also says that Ancelotti, who was brought in from Paris Saint-Germain as a replacement for Jose Mourinho, is not the right man for the job.
"It seems to me that Ancelotti does not have the personality and charisma to lead Real Madrid," he continued.
"The team have yet to play a defined, organised and homogeneous football and they concede too many goals.
"Among other things, I was surprised when they told me that in the summer he turned just 54. I saw him already close to retirement."